Meta to Amazon: Why big tech companies are laying off employees, slowing hiring

Silicon Valley’s tough times continue with Amazon expected to announce job cuts that could impact close to 10,000 employees. Amazon’s layoffs come after other major tech companies, such as Meta, Twitter, Snap, and Microsoft, have already enforced job cuts. Companies such as Apple have also announced a slowdown in hiring. The biggest technology companies are bracing for troubled times ahead as the Covid-19 induced acceleration and growth has not kept pace. With talks of global recession, technology companies, typically seen as big spenders, are now resorting to cost-cutting. Here’s a look at all the job cuts and turmoil that big tech companies face.