A worldwide wave of cuts. But now people get fired in a new way

In 2022, many firms that have been actively recruiting during the covid-19 pandemic have begun to lay off staff. Technology companies alone have fired about 150,000 specialists (data from Layoffs.fyi, an online layoff tracker for technology firms) and continue to do so.

The giant of the e-commerce market Amazon alone planned to cut 10 thousand people in November 2022, and in January 2023, the HEAD of the company, Andy Jassy, ​​announced that we are talking about 18 thousand. Software supplier Microsoft will say goodbye to 10 by the end of March 2023 thousand employees, and the developer of the Salesforce CRM system will lay off 7 thousand workers.

Chinese conglomerate Tencent, financial groups Credit Suisse and Morgan Stanley, automakers Ford and Tesla, delivery service Doordash, and grocery and household chemicals maker Unilever are just a few of the companies across industries that have laid off hundreds or even thousands of employees in 2022.

In 2023, cryptocurrency platforms Crypto.com (20% of more than 2.5 thousand people) and Coinbase (25% of almost 1 thousand people), BlackRock investment company (2.5% of staff), Goldman Bank have already announced staff reductions Sachs (up to 3.2 thousand people), Vimeo video hosting (11% out of 1.4 thousand) and other companies.

In 2023, the number of unemployed worldwide will increase in absolute terms by 3 million people and reach 208 million, experts of the International Labor Organization (ILO) have calculated. By 2024, it will soar to almost 211 million people.

Now companies are looking for new ways to cut back. In some cases, these approaches only injure employees more.