Introduction: The layoffs of American technology companies are as highly contagious as viruses. Or they are like Pandora's box, once released, they are out of control, but perhaps more like domino , falling down one after another. Against this background, the global technology industry urgently needs to make explosive and revolutionary huge breakthroughs, otherwise the evolution of the technology industry will become increasingly indescribable.
According to the data of "Layoffs.fyi", 788 technology companies in the United States have joined the layoff wave this year, with a total of 120,000 people being laid off, and even gradually spreading to other fields such as finance and entertainment. Apple and Google may be the last two dominoes. As for when these two cards will fall, it is still difficult to predict at present. But judging from the latest quarterly revenue of Apple's , it may not be that fast.
Domino
Apple is one of the best revenue performance in the technology industry at present. According to Apple's financial report, quarterly revenue reached a record $90.146 billion, and increased by 8.1% year-on-year, higher than market expectations, setting a new record in revenue for the quarter, with net profit and gross profit set records.
Apple headquarters
Although Google is not as good as Apple's performance, according to the financial report released by Google's parent company Alphabet, Alphabet's total revenue in the third quarter was US$69.092 billion, an increase of 6% compared with US$65.118 billion in the same period last year.
So, these two companies may be the "last line of defense" of Silicon Valley . If these two companies also join this highly contagious layoff wave, it can be said that the chain reaction of dominoes has been completed. Although these two companies have not yet experienced a wave of large-scale layoffs, Apple and Google have stopped recruiting business in most departments.
2. Which dominoes have fallen?
Among these fallen "cards", there are many world-renowned large companies. The most well-known ones are Meta, Twitter and the latest Amazon . Among them, Meta has laid off about 11,000 employees, Twitter has laid off about 3,700 employees, and Amazon has laid off about 10,000 employees. Meta cuts mainly business positions and technical positions, while Twitter cuts out "non-hardcore personnel", and Amazon cuts out mainly personnel from equipment and service departments.
Meta and Twitter
In addition to these well-known large companies, more young companies have also joined the wave of layoffs, such as Patrick, CEO of payment provider Stripe, and Collison announced the layoffs of 14% in an email to employees last week, about 1,000 people. "2022 is the beginning of a different economic environment," he said in an email. In addition, online ride-hailing company lyt announced a layoff of 13% on November 3, about 700 people.
Online ride-hailing lyftt
Other companies that have not yet revealed large-scale layoffs will have a better life? The answer is no. According to the latest financial reports of Microsoft , Intel , AMD , Nvidia and other companies, these technology giants have all experienced a 'growth dilemma' this year. Most companies' revenue and net profits have declined significantly, and they are basically negative growth. So, you don't know who will fall next, but everyone is likely.
3. The global technology industry urgently needs revolutionary changes and breakthroughs
Darkness before dawn
When the last domino falls, it will be the darkest time in the global technology industry, and then the chain reaction of dominoes will end. But after this terrifying darkness, a brighter dawn may come and may sink. Although
has achieved "removing the rough and restoring the essence" through this large-scale layoff and reorganization of business, the operation of the company may become more and more efficient. For example, "I have decided to reduce our team size by 13% and lay off more than 11,000 outstanding employees," said Zuckerberg, CEO of Meta.We will also cut discretionary spending and extend the hiring freeze until the first quarter of 2023 to become a streamlined and more efficient company. "
run more efficiently
However, just through this simple layoff and restructuring, it may not be able to get rid of the current "downward trend". Changes in technology may be inevitable. If not, it will lead to more serious catastrophic consequences. After all, technology is the primary productive force. Only by making revolutionary breakthroughs in technology may a certain " singularity " be found, so that the technology industry may usher in a more brilliant spring, otherwise it may sink for a long time.
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