Massive layoffs at Twitter were predicted and actually happened (3700 jobs, 50%) after Elon Musk, under pressure from the company, completed purchasing it.
No word on whether the other big tech layoffs were expected.
November 4 was the worst day for job cuts in 2022:
- Lyft - 700 jobs, 13%
- Chime - 160 jobs,12%
- Stripe - 1000 jobs, 14%
- Opendoor - 550 jobs, 15%
- others
Meta is part of the wave too, announcing yesterday that they're cutting a whopping 11,000 jobs (13%) - probably related to its huge value crash.
from MindMatters
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