Layoffs Come (and Keep Coming) for Tech Companies
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Tech companies in Silicon Valley are experiencing a wave of layoffs, signaling a cultural shift in the industry. Tesla is asking which jobs are critical, raising fears of layoffs. Alibaba has reduced its headcount by 20,000 in 2023. Worldline plans to cut about 1,400 jobs for €200 million in annual savings. The layoffs highlight that tech jobs are no longer considered sacred.

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https://www.bloomberg.com/news/newsletters/2024-02-07/tech-layoffs-aren-t-taboo-as-silicon-valley-keeps-cutting-jobs