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What Amazon, Twitter, Meta, and others got wrong with layoffs

Twitter, Stripe, Coinbase, Salesforce, Zendesk, Tesla, Meta, and others have announced significant layoffs in recent months, even though unemployment rates are among the lowest in 50 years.

Facebook parent company Meta announced last week it would cut 13% of its staff or 11,000 workers, with Meta CEO Mark Zuckerberg saying he overestimated how long the pandemic’s e-commerce boom would last.

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Source:: Computerworld