Major California Employers Continue Widespread Layoffs

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Several major California tech employers are continuing plans to enact widespread layoffs around the state, as mass cuts have caused tens of thousands of employees to lose their jobs and try to scramble to find work elsewhere.

Companies Make Big Cuts:

Several of the largest companies in the world, including Amazon, Twitter, Meta, and now Zoom, Ebay, and Paypal, have all announced massive layoffs in recent weeks and months. Now, Amazon and Meta have extended their cuts, with both companies announcing that they will be laying off thousands of workers.

Amazon announced on Monday that they would be cutting approximately 9,000 more jobs on top of the 18,000 cuts that were already announced in January, bringing their total to around 27,000 jobs that would be terminated.

Their cuts came only a week after Meta, the Facebook parent company, announced that they would be adding cuts, laying off around 10,000 workers, and incurring massive restructuring costs evaluated at around $3 to $5 billion dollars.

PayPal announced their cuts almost two weeks ago, laying off around 7% of their workforce, approximately 2,000 jobs, citing difficult economic conditions.

Cuts in Other Sectors:

While tech companies have faced a significant share of the recent cuts, companies in several other sectors have faced difficulties and layoffs, including in the news media realm, where companies such as CNN, the New York Times, the Washington Post, and several other publications have been forced to reevaluate their strategies moving forward.

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