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The violent return to earth of the giants of Silicon Valley

Something is broken in American technology. This end of 2022 is turning into a soup of grimaces for an industry used to being insensitive to economic shocks and posting brazen double-digit growth, especially during the Covid-19 crisis. How far Google, Amazon, Meta, Apple or Microsoft would go, we still wondered barely a year ago. Today the atmosphere is completely different.

Agreed New York TimesAmazon is set to announce 10,000 layoffs this week, mostly in its connected devices division (Alexa, Fire tablets, Kindle readers, Ring cameras, etc.). It will be the biggest plan in its history. Meta, which has so far subscribed to economic success, announced similar cuts last week, eliminating 11,000 jobs, or 13% of its workforce. A first for Mark Zuckerberg’s group. According to Layoffs.fyi, a website that tracks tech social programs, more than 76,000 people…

Source: Le Figaro

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