Amazon, Meta join ranks of tech companies slashing thousands of jobs

Here’s a running list of tech companies that are cutting jobs and pulling back on hiring.

The tech industry shed 9,587 jobs in October, the highest monthly total since November 2020, according to Challenger, Gray & Christmas Inc., a consulting firm that tallies job cuts announced or confirmed by companies across telecom, electronics, hardware manufacturing and software development.

In recent earnings reports, Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Microsoft Corp. and others fell short of projections, sending shares plunging and shaving hundreds of billions of dollars from their market valuations. Meta, for instance, has lost more than 67 per cent of its value so far this year.

Here’s a running list of who’s cutting jobs and pulling back on hiring.