The last couple of weeks have been brutal for tech companies, and layoffs in the industry don’t appear to be slowing down.

Meta (the parent company of Facebook) laid off 11,000 workers after its stock fell to its lowest point since 2016. Twitter laid off 3,700 people last week, while Lyft, Coinbase, Shopify and Netflix all also had layoffs recently. But the biggest blow landed Monday, with reports surfacing that Amazon is looking to lay off 10,000 people, some of which may occur this week.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]