The global economy is going through a particularly turbulent period and many tech companies have already stated that they will make adjustments, focus efforts on specific areas, abandon other projects and, basically, stop hiring or slow down the pace of hiring significantly… It will be inevitable.
In the case of restructurings, employees have to either be assigned to other jobs or dismissed from work. But about layoffs, companies are not talking. These are “silent layoffs”.
The silent layoffs of the big tech companies
The Wall Street Journal was advanced With the concept of "silent layoffs" when referring to layoffs that have occurred at large tech companies that have not been announced or even commented upon by the companies.
I am here We made the news Many of these situations are to be taken seriously, as they are a problem for the sector.
Amazon, Google, Meta, Netflix, AMD, Intel, Unity, Tesla, TomTom, Klarna, Sony PlayStation ... "Global transformation", "company restructuring", "reorganization of resources", are some of the arguments presented.
Mark Zuckerberg's Meta has announced that it will slow its hiring, but the WSJ offers that the company intends to cut at least 10% of expenses in the coming months, in part, by reducing staffing.
What after the investment?
The company that owns Facebook has "quietly begun to lay off a large number of employees." Departments are reorganized and employees are given the opportunity to switch roles within the company.
Regarding Google and Alphabet, the paper explained that the two companies are also in the process of restructuring, and again, recently, Google CEO Sundar Pichai said that the company should think of ways to “both reduce distractions and increase productivity. ". Between the lines it is read that there were human resources here whose jobs will be terminated.
The fact is that between 2021 and 2022, both companies significantly increased the number of employees. The Meta Index is up 32% and the Google Alphabet is up by 28%. Investment in human resources and the creation of new research areas is now affected by the economic recession that has begun and which, according to forecasts, will worsen in 2023.
