# Tech layoffs growing

**URL:** <https://discussion.fool.com/t/tech-layoffs-growing/82161>\
**Category:** Macro Economic Trends and Risks\
**Created:** [November 30, 2022, 10:33am UTC](https://discussion.fool.com/t/tech-layoffs-growing/82161 "2022-11-30T10:33:16Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\
**Post date:** [November 30, 2022, 10:33am UTC](https://discussion.fool.com/t/tech-layoffs-growing/82161/1 "2022-11-30T10:33:16Z")

</div>

> **['It was not sustainable or real': Tech layoffs approach Great Recession levels](https://www.marketwatch.com/story/it-was-not-sustainable-or-real-tech-layoffs-approach-great-recession-levels-11669741730?mod=home-page)**
>
> As tech companies deal with lower stock prices, inflation, rising interest rates and a possible recession, they've announced tens of thousands of job cuts.

As technology companies deal with declining stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications — such as from Amazon Chief Executive Andy Jassy, HP announcing cuts over the next three years and a report that Google is considering thousands of layoffs — that there will be more to come.

By comparison, about 65,000 tech jobs were lost each year in 2008 and 2009 during the recession, according to Challenger, Gray & Christmas. Whether all the slashing will approach levels only previously seen during the dot-com bust, when almost 300,000 tech jobs were lost over two years, remains to be seen.

DB2