I got laid off by a big tech company — where’s my next career move? – MarketWatch
Don’t panic. It’s time to have a career reset
Being let go is hard, especially with the cost of living on the rise, and talk of a recession looming.
Earlier this month, Tesla founder TSLA, +1.22% Elon Musk fired 7,500 Twitter staff, representing nearly 50% of its global workforce, just days after he took over the social-media company in a $44 billion deal.
Facebook’s parent Meta META, +1.44% also announced it would lay off 11,000 employees, equivalent to 13% of the social-media company’s employee base. And this week, Amazon AMZN, +0.80% said it plans to let go 10,000 workers, about 3% of its white-collar employees, and signaled that there may be more cuts next year.
Tech companies are facing strong headwinds. More than 59,000 people were laid off in the tech industry so far this year, according to compiled data by Challenger, Gray & Christmas for MarketWatch earlier this month.
Tech companies are feeling strong headwinds. More than 59,000 people were laid off in the tech…
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