SAN JOSE -- In just the past month there have been nearly 50,000 job cuts across the technology sector, many involving Silicon Valley firms. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. However, even with all of the layoffs announced in recent weeks, most tech companies are still vastly larger than they were three years ago. Here's a look at some of the companies that have announced layoffs so far.
Snap: The parent company of social media platform Snapchat said that it was letting go of 20% of its staff. Snap's staff has grown to more than 5,600 employees in recent years and the company said at the time that even after laying off more than 1,000 people, its staff would be larger than it was a year earlier.
Robinhood: The Menlo Park-based company, whose app helped bring a new generation of investors to the market,, or approximately 780 people. An earlier round of layoffs last year cut 9% of its workforce.
Twitter: About half of the San Francisco-based social media platform's staff of 7,500 was let go.
Lyft: The ride-hailing service, also headquartered in San Francisco, said it was cutting 13% of its workforce, almost 700 employees.involved Bay Area employees.
Meta: The parent company of Facebook headquartered in Menlo Park laid off 11,000 people,.
Amazon: The e-commerce company. That's just a fraction of its 1.5 million-strong global workforce.
Salesforce: The San Francisco-based company, about 8,000 employees.
Coinbase: The cryptocurrency trading platform cuts approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year.
Microsoft: The software company, almost 5% of its workforce.
Google: The search engine giant headquartered in Mountain View becomes the most recent in the industry to say it must adjust,.
Spotify: The music streaming service. It did not give a specific number of job losses. Spotify reported in its latest annual report that it had about 6,600 employees, which implies that 400 jobs are being axed.
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