Previous year – 2022, is declared the biggest tech layoffs. Many companies including Amazon, Meta, Twitter, Citi group, Intel, Johnson & Johnson have reduced their workforce due to the Recession. During the pandemic, economic downfalls forced many companies to take such decisions . This year over a lakh employees got dismissal from such big hi-tech companies. Most of the employees who lost their jobs in the US were on H1-B visas, which required employees to search for a job within 60 days or leave the country. This situation was very loathsome for them. To overcome the poor economic growth, many companies decided to lay off. Meta announced to fire 13% of its staff which was more than 11000 employees. Companies such as Doordash Inc and, the food delivery firm cut their 1250 employees. AMC Inc, a cable network company also reduced 20% of its US workforce. The e-commerce company Amazon, including its human resources and retail division, has cut 10000 of its employees. Not only this Microsoft Corp has trimmed its 1000 employees. The Walt Disney Co. has also frozen its hiring and has cut some jobs. The video streaming device maker company, Roku Inc, has reduced its 200 employees due to the current economic condition. HP is also going to reduce their 6000 job positions by the end of the year 2025. The Buzzfeed media company has also reduced 12% of its workforce. Many other companies have also reduced their staff due to the existing economic disasters.
