Reasonable_Ticket_84 t1_j0z7g4p wrote
Reply to comment by [deleted] in Tech layoffs surpass Great Recession levels, set to get worse in early 2023 by EagleEyes_009
>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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