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The great concern of tech employees over the wave of layoffs

2022-08-19T16:06:35.725Z


DECRYPTION - After two years of growth due to the pandemic, it's time to cut costs for digital companies.


In the corridors of Meta (Facebook's parent company), employees are shaking.

After living a golden life for many years, Silicon Valley stars now dread waking up one morning with a dismissal email in their inbox.

Since the publication of disappointing results at the end of July, their boss, Mark Zuckerberg, no longer hides his intentions: faced with the specter of an imminent recession and the slowdown in demand for his services since the "return to normal life", the elements the underperformers may soon be fired.

After years of insolent growth, tech giants like Meta are now rethinking their priorities.

In a macroeconomic environment marked by geopolitical instability and the sharp tightening of monetary policies to fight inflation, it is time to cut costs for technology companies.

The frantic hiring pace of the past two years…

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Source: lefigaro

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