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Tech Layoffs Keep Coming. Why Is Head Count Barely Budging?

Livemint · 1y

Despite announcing layoffs, several major U.S. tech companies including Microsoft, Alphabet, Netflix, Meta Platforms, and Amazon have actually increased their workforce since the pandemic began. Microsoft and Alphabet each employed 50% more people compared to pre-pandemic levels, while Amazon has nearly doubled its workforce. Although job cuts have been announced, continued hiring and past recruitment efforts have more than offset these reductions. The companies' revenue per employee has also increased, indicating improved productivity.