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JPG Severance Agreement Templates to Download in 2024

JPG Severance Agreement Templates to Download in 2024

Aug 6th, 2022

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4.7 out of 5

65 votes

The text discusses a significant wave of layoffs across various sectors, particularly in the tech industry, highlighting that over 54,000 people were laid off in January 2023 alone, averaging 1,741 layoffs daily. This trend started with high-growth startups needing to manage spending, but it has now impacted major companies like Meta and Amazon. Amazon plans to cut 18,000 jobs, while SAP will lay off 3,000 workers (2.5% of its workforce). Meta has let go of 11,000 employees, with the CEO taking responsibility for that decision. Other notable layoffs include 4,000 at IBM and over 500 at Intel, reflecting the broader economic slowdown.

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