From Feast to Famine: Why Tech Is Preparing For Hiring Freezes And Layoffs

With a historically tight labor market, why are some tech companies laying people off?

With Inflation not slowing down and the economy showing signs of a possible recession, companies are preparing for the worst. Layoffs are sweeping across American businesses, specifically in growth companies in tech in 2022.

Shopify, Netflix, Peloton, Tiktok, Robinhood, and Coinbase are only some of the companies that are starting to lay off their employees.

But with our most recent episode, we just learned that there was still A LOT of tightness in the labor market - citing labor shortages - so why would these companies lay anyone off?

Well, in this episode of Things Have Changed Podcast, we’re going to explore why tech companies are feeling the burn.

Important Links:

• Millions of Americans Regret the Great Resignation
• Big Tech Won the Pandemic
• Tech’s Red-Hot Hiring Spree Shows Signs of Cooling
• Is Big Techs Red Hot Jobs Market about to Cool?
• Bird is laying off 23% of staff
• Netflix lays off 300 more people — almost 3% of its staff
• US Layoffs, Hiring Freezes Are Tip of Labor Market Slowdown
• JPMorgan Initiates Mass Layoffs and Reorganizing, 1,000 Employees Possibly Affected
• Rivian Plans Hundreds of Job Cuts Following Surge in Staffing
• Amazon has 100,000 less workers
• Amazon increased layoffs
• Nasdaq historic Wipeout - a Tech Story

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