Tech layoffs surge across major American firms from 2022 to 2025
By
The Economist
Leave it on the tray for the seagulls.
Summary
The article reports on a significant wave of layoffs across major American tech firms including Oracle, Block, Amazon, and Meta. From 2022 to 2025, these companies and five other tech giants have barely added to payrolls. Total employment in San Francisco has dropped 3% since early 2023. The piece notes that while AI is often blamed, it may not yet be the primary cause of these job cuts.
Key quotes
· 5 pulledAMERICAN TECH firms are in lay-off mode.
Oracle, a cloud-computing wannabe, has just sacked thousands.
Block, a digital-payments darling, is slashing more than 4,000 roles—nearly half its workforce.
From 2022 to 2025 they and five fellow tech giants scarcely added to payrolls.
Total employment, tech-related and not, in San Francisco, the world's tech capital, has fallen by 3% since the start of 2023.
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