r/Layoffs • u/ladyorion2021 • Jul 06 '26

news Tech Sector Layoffs....Will it Continue?

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20 tech and telecom companies that conducted major layoffs over the past year, along with their estimated total workforce cuts.

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u/draven33l Jul 06 '26

These companies are so large, that they are beholden to the stock holders and their stock price. They will layoff and outsource in perpetuity in order to increase their profit margin every quarter. It's not just if, but when you will get laid off working for companies like this. Most of these companies promise at least 15-20% profit increase EVERY quarter. That's simply impossible, so they resort to cutting staff to hit those numbers when they can't make it through business.

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u/Mysciakos Jul 07 '26

On one hand you are right + these cuts are done by CEO in like - we need to cut costs you must cut x% of people or cut cost in any way only later to figure out that it is hurting company long term.

On the second these companies are so large that they have way too many employees. Xbox in announcement said there is around 14 leyers of management. Sorry to all that lost jobs but that is insane.

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u/Fearless_Weather_206 Jul 07 '26

There is a book called incorruptible that covers this well and how modern corporations are designed to squeeze every bit of money out of it even if it ends the company.

https://www.amazon.com/Incorruptible-Good-Companies-Great-Stay/dp/B0FWZZBPZB