Tech giants Meta, Amazon lay off more workers as cuts continue

What is often left out from these layoffs, but actually kind of side-mentioned in this article, is that consulting firms are also often cut out as well. Since these can be small boutique firms, those subsequent layoffs don't make the headlines.

I expect meta will continue with layoffs. Threads appears to be a flop, their metaverse and AR initiatives don’t seem to be gaining much stream either.

Doom and gloom article leading to doom and gloom HN discussion, just digging a bit more into it:<p>The Meta layoffs [1] are hitting a 600 person department.<p>The Amazon (Twitch) layoffs [2] are &quot;significantly smaller than the March round, which included more than 400 people.&quot;<p>Sucks for the people being let go, especially in this weird job market, but it doesn&#x27;t yet seem like it&#x27;s a repeat of those massive layoffs last winter.<p>I also wish layoffs.fyi or similar had more historical data, just to compare this to, but even in good times small layoffs do happen.<p>[1] <a href="https:&#x2F;&#x2F;www.reuters.com&#x2F;technology&#x2F;meta-lay-off-employees-metaverse-silicon-unit-wednesday-2023-10-03&#x2F;" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.reuters.com&#x2F;technology&#x2F;meta-lay-off-employees-me...</a><p>[2] <a href="https:&#x2F;&#x2F;www.gamesindustry.biz&#x2F;twitch-makes-another-round-of-layoffs" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.gamesindustry.biz&#x2F;twitch-makes-another-round-of-...</a>

Can the market absorb this? If feels like it’s already saturated plus we have the steady stream of new grads. I do not envy anyone who has to look for a job right now

<a href="https:&#x2F;&#x2F;web.archive.org&#x2F;web&#x2F;20231007001402&#x2F;https:&#x2F;&#x2F;www.sfchronicle.com&#x2F;tech&#x2F;article&#x2F;tech-giants-meta-amazon-lay-workers-cuts-continue-18406560.php" rel="nofollow noreferrer">https:&#x2F;&#x2F;web.archive.org&#x2F;web&#x2F;20231007001402&#x2F;https:&#x2F;&#x2F;www.sfchr...</a>

What surprises me is that Meta is currently actively hiring in UK. Does that mean they&#x27;re just optimizing for the cheap labour?<p>Edit: example of newly open position <a href="https:&#x2F;&#x2F;www.metacareers.com&#x2F;jobs&#x2F;298738792749406&#x2F;" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.metacareers.com&#x2F;jobs&#x2F;298738792749406&#x2F;</a>

I&#x27;m truly sympathetic towards the people affected, especially visa holders. But speaking solely of the macro effects, I have to say, I&#x27;m happy this day, stretching from last year to now, has come. We as a community were a very annoying group of people when we were so damn rich and when we thought we were essentially untouchable. And count me in that as well! But a little awareness of layoffs here and (for some people) a little fear of ChatGPT replacement there... well that&#x27;s a grounding experience. Not to mention the number of people who had sunk into so much ennui and depression over how boring and easy it was. Now a lot of us are jobless and can feel some fire in our bellies again, a time to fight or die.

This sounds like it&#x27;s part of the already announced layoff round, not a new round, at Meta?<p>&gt; Meta declined to comment, but CEO Mark Zuckerberg said in March that completing the company’s roughly 21,000 job reductions “may take through the end of the year,” with some teams not affected for months “in a small number of cases.”

Have any of these companies even come close to laying off as many employees as they hired since Covid started?

My heart goes out to these people. Getting fired sucks and I am happy to look at any resumes for people who don’t live in America, Canada , China , Russia or any country where sanctions are common.<p>Being fired from Cloudera was the best thing that ever happened to my career. The company was going downhill but I would have never left because I was there so early and always viewed from the pov of someone surrounded by someone smarter than oneself.<p>My guess is these companies have no way of measuring overall output or productivity that doesn’t suffer from all sorts of stupid bias. Many of these people will do way better if they get another job quick.

I think whats missing here is that<p>layoffs freezes<p>etc are basically weekly lifecycles<p>like, there is no article about freezes being lifted or hiring restarted<p>but reality is closer to ebbs and flows that are quite quick

Meanwhile, back in the real world...<p><a href="https:&#x2F;&#x2F;www.reuters.com&#x2F;markets&#x2F;us&#x2F;us-job-growth-beats-expectations-september-unemployment-rate-unchanged-38-2023-10-06&#x2F;" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.reuters.com&#x2F;markets&#x2F;us&#x2F;us-job-growth-beats-expec...</a>

These large companies are effectively running on momentum. Layoffs are just going to slow them down faster.