All you need to know about big tech's 'job-slashing' wave

Here are the others: Amazon The online retail giant said on January 5 it would cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact it had "hired rapidly" during the pandemic. Meta In what Mark Zuckerberg called "the most difficult changes we've made in Meta's history," the CEO of the company that owns Facebook, Instagram and WhatsApp announced in November a cut of 11,000 jobs or some 13 per cent of staff. The plan followed two smaller rounds of layoffs in 2022, one in July affecting less than one per cent of the workforce and a second in October targeting under 1,000 people. Twitter Just a week after his blockbuster takeover, Elon Musk sacked half of Twitter's 7,500-strong staff in November as part of his major overhaul of the troubled company. Snap At the end of August, Snapchat's parent company Snap let go about 20 per cent of its employees, around 1,200 people, in a bid by the photo-centric messaging app to dig itself out amid competition and revenue woes.