For years, the tech industry promised a secure career, but recent layoffs at major companies like PayPal, Cisco, and Amazon, totaling nearly 300,000 job losses in the past year, have raised doubts.
Despite a positive macroeconomic environment, the tech sector faces challenges with companies cutting benefits and demanding more from employees.
Google, once known for its perks, has scaled back freebies, and Meta’s CEO, Mark Zuckerberg, declared 2023 the “year of efficiency,” leading to a 22% workforce reduction.
Former tech workers express uncertainty on social media about the changing landscape, with some sharing personal struggles after layoffs.
Analysts predict that layoffs may persist and worsen as companies seek efficiency in a leaner workforce.
