Google, Amazon, Twitter… Wave of social plans among tech giants

  • > Amazon

  • E-commerce giant Amazon announced on January 5 that it would cut “just over 18,000” jobs worldwide, including in Europe. The redundancy plan must mainly concern the stores and staff managed by the group.

    The distribution group had been recruiting with a vengeance during the Covid-19 pandemic to meet the explosion in demand, doubling its global staff between early 2020 and early 2022. It had 1.54 million employees at the end of September. .

  • > Meta

  • Meta, the parent company of Facebook, Instagram and WhatsApp, announced last November the loss of 11,000 jobs, or about 13% of its workforce. This is the first social plan in the history of the group.

    Meta, which had around 87,000 employees worldwide at the end of September, reported a disappointing financial performance in the third quarter of 2022, with a sharp drop in revenue and profit and a stagnation in the number of users.

  • > Microsoft

  • US IT giant Microsoft, citing economic uncertainty and changing customer priorities, announced on January 18 that it would lay off around 10,000 employees by the end of March, just under 5% of its 221,000 employees.

    The Redwood (Washington) company had already completed two rounds of layoffs: one in July 2022, which affected less than 1% of the workforce, and another in October, which targeted fewer than 1,000 people.

  • > Twitter

  • Just acquired by Elon Musk, Twitter began in early November 2022, massive layoffs affecting about half of the social network’s 7,500 employees. To fund his $44 billion takeover, the tempestuous billionaire saddled the company, whose financial health was already fragile as it suffered a significant loss in the first two quarters of the year.

  • > Snap

  • Evan Spiegel, the head of Snap, the parent company of the popular messaging application Snapchat, announced in August 2022 a restructuring that led to the elimination of about 20% of the workforce, or more than 1,200 employees. Snapchat, which has more and more users, is still in trouble because it generates less and less revenue. The group has never generated an annual net result.

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