12,000 people were laid off violently! Google set off a storm of layoffs

Since the second half of last year, as the Fed’s interest rate hikes have accelerated, technology stocks have begun to fall. Several large technology companies have already sensed the precursors of the cold winter. Microsoft and Google have also followed up, but it seems that the number of layoffs is not large. But after New Year’s Day this year, probably because of the predicted global recession, Microsoft began to announce that it would lay off 10,000 people at one go, and Google would soon lay off more than 10,000 people. It is conceivable that after Google and Microsoft, other companies should also adjust according to the economic expectations of the new year, and there may be more layoffs in Silicon Valley companies in the next step.