00:00The tech industry is feeling one of its worst slumps in years, following landmark profits
00:04right after the pandemic. Now, some of the industry's biggest hitters are laying off
00:08massive numbers of employees, including Microsoft, Amazon, and even another round of staff at Elon
00:13Musk's Twitter. At Microsoft, they recently announced the layoffs of some 10,000 employees,
00:19or at the Associated Press reports, is around 5% of their total employee. The company experienced
00:24a large hiring period due to the pandemic, with a spokesperson for Microsoft saying that demand
00:28for its workplace software and cloud computing services led to a quote, over-exuberance in
00:33hiring, and that this was simply scaling that back. Meanwhile, Amazon has just let go of perhaps
00:38the largest number of employees in the industry, laying off some 18,000 workers via email. The
00:44letter began with quote, unfortunately your role has been eliminated, and added that our primary
00:48mode of communication will be through internal email on your non-Amazon device. But at Elon Musk's
00:54Twitter, a company that had already reduced its staff by more than half, another round of layoffs
00:58is happening, even though they said they were done. 50 workers are on track to be let go,
01:03but Insider reports that many speculate many international offices will soon close,
01:07bringing the number employed there to under 2,000, a fewer number of employees working at
01:11Twitter since before it went public in 2013.
01:1413.
01:1514.
01:1514.
01:1515.
01:16You
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