Has a global recession begun? The world’s leading companies have fired more than 50 thousand workers

Has the Global Recession 2022 already begun? The announcement of layoffs at major companies around the world has raised this question. Workers are being fired from large technology companies since August this year. Recently, Twitter has cut a large number of its employees. Another reason for this could be Elon Muak’s purchase of Twitter, but Facebook’s parent company Meta and Amazon have also announced it. Both companies will show thousands of workers the way out. Many other companies are also on this list. In total, these large companies have cut more than 50 thousand jobs so far.

First thing about Amazon (Amazon Layoffs 2022). reports According to sources, the veteran retail company has talked about laying off 10,000 of its employees. The drop in prices has put pressure on the company to cut costs. At the same time, due to the possibility of a global recession, companies have started to lay off workers. The loss of 10,000 jobs at Amazon with more than 16 lakh employees may be a small number, but when the decisions of various companies are added to it, a bigger number emerges.

For example, Facebook’s parent company Meta and layoffs also decided to lay off 11,000 of its employees. This information was provided by Mark Zuckerberg, the CEO of Meta himself and the founder of Facebook. He described it as the most difficult transition in the history of the meta. Meta admitted that its income has decreased. The fear of global economic collapse is also considered as one of the reasons for this.

If we look at Twitter’s decision from the same point of view, it means that it has released 50 percent of its permanent employees (about 3,700 employees). 4,400 contract workers have also been laid off. The giant Microsoft also laid off and laid off about 3,000 workers three times.

Talk of a layoff from Snapchat’s parent company Snap came to light in August itself. The company has laid off about 1250 workers. Sea Ltd, the largest Internet company in South East Asia, has laid off more than 7 thousand workers in the last 6 months.

The company that produces hard drives, Seagate Technology, said that it is preparing to lay off about 3,000 workers, which is 8 percent of the company’s workforce. If companies related to the crypto sector are added to this list, then the number will reach more than 50 thousand, because the cryptocurrency sector is almost destroyed.