According to the latest data, in May alone, 71 technology startups worldwide fired about 17,000 employees, which is the highest value since the global epidemic in February 2020. Compared with April alone, the number of layoffs in May 2022 increased by 350%.
The technology industry was originally one of the winners brought about by the epidemic: technology stocks reached a record high, and many technology startups grew rapidly during the epidemic, and the old technology companies also ushered in a period of rapid expansion during this period. However, with the relaxation of epidemic control around the world, consumers are gradually returning to the old lifestyle. These technology companies that have obtained bonuses during the epidemic are facing many challenges such as stock plunge, investment reduction, layoffs and senior executives.
Fast distribution startups like Getir and Gorillas are under pressure because people are returning to their old shopping habits. Getir fired about 4,500 employees at the end of May at the end of May after US $ 768 million. After the gym was reopened, Peloton’s family exercise business also declined, and it was forced to lay off 2,800 in February this year. Fintech startup KLARNA layoffs 700 people in May, on the grounds of inflation, stock market fluctuations, upcoming economic recession and Ukraine War. Not only was the startups affected, but also old technology companies such as Meta, Twitter, Microsoft and Salesforce also made temporary or completely freezing decisions.
Post time: Jun-14-2022