If you have been on Twitter lately, you have likely borne witness to the numerous accounts of laid off former Twitter employees flooding the site. In the tumultuous days and weeks following Elon Musk’s acquisition of Twitter, thousands of employees were laid off to offset the billionaire’s over-priced acquisition of the site. And if that wasn’t enough drama, numerous fired employees were then asked to return to their jobs as the site struggled to handle the massive reduction in its workforce.
Twitter’s internal struggles are playing out in real-time on its very own platform, but it isn’t the only tech company to face large and even historic numbers of layoffs as of late. Meta and Facebook have cut over 10,000 employees each from its respective companies. Lyft and Stripe have also laid off approximately 13% of its workforce as well. According to Layoffs.fyi, a website which tracks tech job cuts, over 130,000 jobs have been lost worldwide in 2022 alone.