Biggest Tech Layoffs In USA 2022 - Apple To SnapChat - Lifestyle UG Biggest Tech Layoffs In USA 2022 - Apple To SnapChat - Lifestyle UG

Biggest Tech Layoffs In USA 2022 - Apple To SnapChat

After a great year for tech, there are now layoffs. As of the end of August, more than 39,000 people had lost their jobs in the U.S. tech sector so far in 2022.

This year, big tech companies like Netflix have cut jobs. Some say it's because of the COVID-19 pandemic, while others say it's because they hired too many people during times of fast growth.

Robinhood, Glossier, and Better are just a few tech companies that have cut their staff by a significant amount in 2022.

Apple has laid off about 100 contract recruiters in the past week. There is usually only one reason why a company would let go of so many recruiters: they don't plan to hire any new people.

Usually, big companies like Apple hire contract recruiters because they need to hire so many people, especially when the job market is good.

It's also a bad sign that Apple's view of the economy has gotten worse, so now is a good time to keep costs in check. These contract recruiters are no longer needed.

Snap is going to let go of about 1,200 of its more than 6,400 workers. Snap has been planning the layoffs for a few weeks. 

Since the beginning of the year, Snap's stock price has dropped by almost 80%. In May, the company said it would slow hiring and look for ways to cut costs.

Since the pandemic, Snap's business has slowed. This is because people are worried about a recession and it was hard for Snap to deal with Apple's crackdown on tracking ads across iOS apps.