[hintymad]

> Tech layoffs by year

I was wondering how much was due to over hiring during the crazy 2020-2021. Multiple companies increased their headcount by more than 50%, or even by 100% during the two years. That does not make business or technical sense at all, as tech companies are supposed to scale their services with technology instead of people. Companies add people only if they want to invest in new areas, but exactly how many new areas can we get in merely two years?

[rsanek]

50% or 100%? Which companies? All the biggest companies increased by some durin 2020~2022, but not really all that much more than their historical growth rates.

What did happen uniformly is that all essentially stopped hiring after 2022.

https://www.macrotrends.net/stocks/charts/GOOG/alphabet/numb...

https://www.macrotrends.net/stocks/charts/MSFT/microsoft/num...

https://www.macrotrends.net/stocks/charts/AAPL/apple/number-...

https://www.macrotrends.net/stocks/charts/META/meta-platform...