Just last week, Google announced it was slashing 12,000 jobs while Microsoft said it would cull 10,000 workers, bringing to at least 48,000 the number of cuts that Big Tech companies announced in January alone.Įven with all of the recent layoffs, most tech companies are still vastly larger than they were three years ago. “I take full accountability for the moves that got us here today,” Ek said.Īfter years of heady growth, analysts say tech companies are being forced to cut jobs in preparation for an economic dowturn that’s likely to cut demand for their software, products and services and reduce digital ad spending. Ek didn’t give an actual number of job losses but a company spokesman said it’s 600, based on 9,808 employees listed in its latest quarterly report. He said that’s why the company is cutting its global workforce by about 6%.
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