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After Amazon and Meta, Will Alphabet Be Next to Do Layoffs?

After Amazon and Meta, Will Alphabet Be Next to Do Layoffs?

After a decade of blockbuster returns, the tech industry is having a rough year. The Nasdaq Composite is down about 31% year to date, falling twice as far as the S&P 500, and there's been a steady drumbeat of layoffs from the tech sector in recent months. Among the tech companies announcing layoffs are Stripe, Twitter, Snap, Netflix, Shopify, Meta Platforms (NASDAQ: META), and Amazon (NASDAQ: AMZN).