Headcounts Still Up
2/1/23
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from Maudlin Economics,
2/1/23:
Layoffs in the technology segment have been in the headlines lately, possibly as a sign of broader unemployment on the way. That’s a possibility but we also have to keep these layoffs in perspective. They are, in many cases, a small fraction of the staff the same companies added in the last three years.
This chart shows some recent layoff announcements vs. headcount growth from Q4 2019 to Q3 2022. That big bar is Amazon, which added 746,000 workers in this almost-three- year period while laying off only 18,000. Microsoft, Google, and others also hired many more workers than they let go.
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