Top Grounds Why Large IT Businesses Are Firing Workers

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[{"selector":"#anim-e4246959-9966-47e6-962b-1f293bfb2b30","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4b4e715e-d88d-49c4-b756-63e7c5403018","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d44e8e81-d3bf-47ca-9683-5204cdd91338","keyframes":{"transform":["translate3d(-108.85714%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Create image :- google More than a million people have been laid off at Silicon Valley's biggest digital companies in recent months, including employees at Facebook, Apple, Amazon, LinkedIn, Instagram, Google, Snap and others.

Over-Hiring During COVID

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Investor’s Pressure

[{"selector":"#anim-025da8f4-b7a3-4cd2-9c98-a8af393c5276","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-343f8284-111c-451e-90f4-14c767e38ae6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2ff2f2b3-e34c-4137-b0e0-4542e677d0e9","keyframes":{"transform":["translate3d(-108.85714%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-86d568df-2341-46b5-8f1e-b4597a05ee9c","keyframes":{"opacity":[0,1]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c4f8a15-427b-4f25-90dd-5f69fcd7c3b6","keyframes":{"transform":["translate3d(-108.85714%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Create image :- google A letter recommending layoffs and other cost-cutting measures was sent to Meta’s founder and CEO, Mark Zuckerberg, in October of last year from Altimeter Capital Chairman and Chief Executive Brad Gerstner.

Maturity Of Tech Field

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Negative Cash Flow

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Recession Anticipation

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Conclusion

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