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Reasonable_Ticket_84 t1_j0z7g4p wrote

>Isnt this because there are astronomically more tech roles now compared to then? Of course you’ll see more laid off.

Kinda, it's because these are all post-COVID normalization layoffs. Tech companies hired BIG TIME during COVID due to online demand. However that basically dropped like a rock this year and with the economy cooling, there was a bubble that unfortunately needed correcting.

For example, Facebook/Meta went from ~45k employees in 2019 to just over 70k at the beginning of 2022.

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