USA News Live | Big Job Cuts Across USA Tech Industry | Silicon Valley News | English News Live
Tech companies have pressed brakes on hiring as they contend with sluggish consumer spending, higher interest rates and global economic uncertainty. According to Crunchbase News tally, as of late October, more than 45,000 workers in the US tech sector have been laid off in mass job cuts so far in 2022. While some companies have announced job cuts, others have frozen hiring. The names include both big and small tech companies. There are many in the list that saw unprecedented growth during the pandemic due to the boom in online spending. The CEOs of these companies have said that they over-hired.
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