
Why are so many jobs being shed in Big Tech?
Hundreds of thousands of people laid off in just over a year as major tech firms cut back.
On Friday, 12,000 Google employees opened an email telling them their jobs are gone.
The cuts follow those at others like Meta – the owner of Facebook and Whatsapp – as well as Twitter and Microsoft.
Recommended Stories
list of 4 itemsGoogle parent to lay off 12,000 employees in latest tech cuts
Meta’s plunge is unmatched among big tech stocks in recent years
Will new EU rules succeed in regulating Big Tech?
More than 200,000 jobs have been axed in the technology sector in just more than a year.
Some blame over-recruitment during the height of the pandemic. Others, wrong strategies for the future – and then there’s the worsening economic climate.
Why are so many jobs being lost in the industry worldwide?
And is Big Tech in big trouble?
Presenter: Adrian Finighan
Guests:
Elaine Burke – Science and technology journalist, and Host of the For Tech’s Sake podcast.
Jim Anderson – Chief executive officer of Beacon Software and social media sector lead at Glasswing Ventures.
Adrian Weckler – Technology editor at the Irish Independent newspaper.