Big Tech layoffs could hurt Americans, but the ‘worst is still on the way’: tech insider – By Jon Michael Raasch (FOX Business) / Oct 29, 2022
Silicon Valley insider warns hiring freezes and layoffs among big tech could impact most Americans
Americans could suffer from Big Tech firms laying off workers and freezing hiring as the economy remains volatile, the founder of a Bay Area job search community told Fox News.
“The average American will probably be impacted, at least in some form, by what may happen in this next economic downturn in the tech industry,” Albert’s List founder Albert Qian said. “We touch these things every single day, whether it’s Google Search, a store on Amazon, an Apple device.”
“When the Microsofts, the Googles, the Amazons, the Twitters, when those companies start laying off people, that’s when we need to start paying attention,” he continued.
Major tech companies have taken steps to cut their workforce in anticipation of an economic downturn in the coming months. Microsoft, for example, recently announced layoffs across multiple divisions, and Meta implemented a hiring freeze.
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