Economy – Layoffs continue at technology giants: more than 30,000 so far this year

First modification: 02/06/2024 – 14:41

Snapchat confirmed this Monday, February 5, the dismissal of 528 workers, for which the company will incur expenses of between 55 and 75 million dollars, which consist mainly of compensation and related costs.

“In order to better position our business to execute on our top priorities and ensure we have the ability to invest incrementally to support our growth over time, we have made the difficult decision to restructure our team,” Snap said in a statement. document to the Securities and Exchange Commission (SEC), the United States securities regulator.

Meanwhile, it is expected that this Tuesday, after the close of Wall Street, Snap will publish its latest business results.

The decision of the company that owns the famous vertical video social network adds to the cuts being made by large technology and media companies in the United States, so during this year it seems that the avalanche of layoffs observed in 2023 will continue. in the midst of economic uncertainty.

Since 2024 began, there have been around 32,000 people who have lost their jobs in the technology and media sectors, following the decision of 122 companies around the world.

On January 9, the streaming platform Twitch announced the cut of 35% of its staff. Google did the same, dismissing between the 11th and the 22nd of the first month of the year, workers from its new technology development departments, advertising sales, part of the hardware team responsible for Pixel, Nest and Fitbit, and the majority of workers in the augmented reality area, according to information from Reuters.

Regarding the media, the Los Angeles Times had communicated its plan to terminate 94 journalists who are members of the newspaper's union. While Pixar Animation Studios, which is part of Walt Disney, had also communicated the decision to end employment contracts after completing production on some programs.

With EFE and Reuters