A 2nd round of layoffs at Meta and Amazon shows companies are taking back their power — and they may not stop there
Meta CEO Mark Zuckerberg said last week that the company was axing about 10,000 staffers, in addition to the 11,000 it cut in the fall., according to data from Crunchbase. Last year, about 9% of the 433 tech companies it tracked laid off workers more than once.
But it could become more commonplace, Kamath said, adding:"There are a different set of circumstances that are driving responses to what's going on today, so that old alchemy of what's not too much, what's not too little, and what's just right doesn't matter.
Now it's employers that are turning accepted norms on their head, as Amazon's and Meta's latest cuts show. The moves could provide cover to other employers mulling additional sets of layoffs, Dina Denham Smith, an executive coach and the owner of Cognitas, said. She added that when Twitter's owner and CEO, Elon Musk, told employees last year that they
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