Tech companies like Amazon, Netflix, Meta, Twitter and Lyft saw exceptional growth during the pandemic in both revenue and employee numbers, but now, as the broader labor market is booming, these companies are laying off thousands.
WSJ explains the macro — and micro — reasons for Silicon Valley’s massive layoffs.
Illustration: Adele Morgan
0:00 Tech company layoffs
0:36 Covid’s effect
1:34 Employee hiring spree
2:18 Post-covid
3:20 Layoff figures
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