2023 recession worries Archives

Intel Announces 200 Layoffs Coming Continuing Mass Silicon Valley Tech Cutbacks

December 6, 2022 12:56 pm

Mass tech layoffs that began in late October continued across Silicon Valley on Tuesday, with tech company Intel announcing 201 job layoffs in Santa Clara and Folsom. The trend of layoffs began just over a month ago when Twitter, shortly...

Menlo Park-Based Meta Lets Go Over 11,000 Employees In Latest Silicon Valley Mass Layoff

November 10, 2022 12:36 pm

Meta, the Menlo Park-based parent company of social media sites such as Facebook, Instagram, and WhatsApp, laid off 13% of their employees, or over 11,000, on Thursday, continuing the stark trend of cutbacks at Bay Area and Silicon Valley tech...

Twitter, Lyft, Other Tech Companies Layoff Thousands In Less Than 48 Hours

November 4, 2022 6:13 pm

Due to massive revenue drops, anticipation of a recession next year, a rise in costs, a high number of $100,000+ salaries, among other factors, Silicon Valley companies including Twitter, Lyft, and Stripe have cut thousands of jobs in only the...