Why Are Tech Giants Laying Off Employees Despite Huge Profits | TDG Explainer
20 Mar 2025
In recent years, tech giants have reported record-breaking profits. Yet, companies like Google, Amazon, Meta, and Microsoft have laid off thousands of employees. This raises the question: Why are layoffs happening despite financial success? 1. Over-Hiring During the Pandemic During the COVID-19 pandemic, tech companies expanded rapidly to meet the...
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