Could Big Tech layoffs keep growing? Apple, Amazon, Facebook and Google may give hints
Analysts expect Apple to join Amazon, Meta, Alphabet and others in cutting jobs, and the results and forecasts delivered this week could help determine whether even more reductions are on the way.
A backdrop of layoffs amid slowing demand for core products like digital ads, electronics and e-commerce, after a two-year pandemic surge and a two-decade-plus honeymoon with investors. Some analysts say the bottom hasn’t arrived, for either their finances or their workforces.
Analysts have said Meta’s “darkest days” are still ahead, as it navigates a round of more than 11,000 layoffs, competition from TikTok and its early stumbles in the metaverse.
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