Tech layoffs wave widens

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Tech layoffs wave widens

The massive layoff wave that Elon Musk created after purchasing Twitter, along with the participation of companies such as Amazon and Lyft, has emerged as a new development that has made a splash in the US technology sector. The latest on the agenda in the layoff wave is Meta. It was reported that the company will begin layoffs this week. News of layoffs in the US technology sector continues to rage. Meta Platforms, which includes platforms such as Facebook, Whatsapp and Instagram, will begin layoffs affecting thousands of people this week, according to the Wall Street Journal. The newspaper reported that layoffs could begin as early as Wednesday, while writing that the company has told its employees that they should cancel non-essential travel. Last week, Twitter's workforce was cut in half to 3,700 people after Elon Musk's $44 billion purchase was completed. However, some laid-off employees who were understood to play a critical role in the implementation of new features that Musk wanted to bring to the platform were recalled. Musk wrote that layoffs were inevitable in a company that lost $4 million a day.