Tech giants like Amazon, Apple, Alphabet, Microsoft, Meta, Tesla, and Nvidia are expected to generate a combined revenue of $1.9 trillion this year. Several tech companies including SAP, Microsoft, Unity, Wayfair, Google, eBay, Salesforce, and Twitch have announced significant layoffs. Layoffs have also affected companies like Levi's, Hasbro, Spotify, iRobot, Zerox, and Qualtrics over the last 3 months. The layoff trend has seen a significant increase in 2023 and 2024, with companies like PayPal, UPS, Microsoft, Citigroup, Google, Twitch, Unity Software, and Brex cutting roles or workforce percentages.
Companies with layoffs announced over the last 3 months: 1. Twitch: 35% of workforce 2. iRobot: 31% of workforce 3. Hasbro: 20% of workforce 4. Spotify: 17% of workforce 5. Levi's: 15% of workforce 6. Zerox: 15% of workforce 7. Qualtrics: 14% of workforce 8. Wayfair: 13% of…
Layoffs doubled in 2023 & 2024 is off to a rough start. Bidenomics in progress ⬇️ - PayPal cuts 9% of workforce - UPS cuts +12,000 roles - Microsoft cuts +1,900 roles - Citigroup cuts 20,000 roles - Google cuts +1,000 - Twitch cuts 35% of workforce - Unity Software 25% - Brex… https://t.co/OhgkqdVUIo
Layoff announcements in 2024: Microsoft: 1,900 roles Brex: 20% PayPal: 9% UPS: 12,000 roles Wayfair: 13% Riot Games: 11% Google: 1,000 Duolingo: 10% eBay: 9% Rent the Runway: 10% In 2023, layoffs jumped 98% from 2022. How will you hedge against this as a professional?
Big tech kicks off the week shortly. My predictions. Google - Drop and drop Microsoft - Pop and pop Apple - Pop and drop Amazon - Drop and pop Meta - Pop and drop $tsla
Layoff announcements in 2024: - PayPal cuts 9% of workforce (TODAY!) - UPS cuts +12,000 roles (TODAY!) - Microsoft cuts +1,900 roles - Twitch cuts 35% of workforce - Unity Software 25% - Brex 20% - Discord 17% - Wayfair 13% - Riot Games 11% - Duolingo 10% - Rent the…
Latest List of Layoffs Over Last 3 Months: 1. Twitch: 35% of workforce 2. Hasbro: 20% of workforce 3. Spotify: 17% of workforce 4. Levi's: 15% of workforce 5. Zerox: 15% of workforce 6. Qualtrics: 14% of workforce 7. Wayfair: 13% of workforce 8. Duolingo: 10% of workforce 9.…
Add it to the recent layoff list: Levi eBay SAP Salesforce Macy's Wayfair Unity Alphabet Microsoft American https://t.co/YcjIqaVnul
Tech layoffs continuing in 2024: SAP $SAP: 8,000 Microsoft/Activision $MSFT: 1,900 Unity $U: 1,800 Wayfair $W: 1,700 Google $GOOG: 1,000 eBay $EBAY: 1,000 Salesforce $CRM: 700 Twitch $AMZN: 500+
Expected revenue this year: Amazon: $637 billion Apple: $396 billion Alphabet: $287 billion Microsoft: $244 billion Meta: $151 billion Tesla: $113 billion Nvidia: $94 billion Total: $1.9 trillion