Key takeaways
- Combined, Amazon and Microsoft are laying off a total of 28,000 employees
- The wave of tech layoffs is continuing into 2023
- An uncertain economic climate is one reason behind the string of layoffs
The current economic climate is highly unsettled, and recession fears have plagued our economy for months. According to the National Bureau of Economic Research, we haven’t hit an official recession yet. However, mass layoffs in the tech industry have shown us that the economic picture is anything but rosy.
Let’s dive into the details of the latest wave of job cuts and explore why we might be seeing these historic layoffs.
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