Peloton, Calm and LinkedIn Add to Growing List of Tech Layoffs
After years of bulking up, the industry is bracing for recession.
Apple plans to slow its hiring next year, according to people familiar with the matter.
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Despite some promising economic signs recently, more tech companies are hitting the pause button on their hiring plans. They’re instituting freezes, rescinding jobs offers and even resorting to layoffs (with one CEO showing his remorse by sobbing on social media).
According to Layoffs.fyi, a website tracking job cuts at startups and recently public companies, more than 37,000 positions were eliminated at 467 globally in the second quarter. That compares with fewer than 3,000 during the same time last year.