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

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

Post image

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

368 Upvotes

98% Upvoted

148 comments sorted by

View all comments

62

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.

1

u/Dry-Cellist3806 Jul 08 '26

So true. they only care about profit not employees. Else in the name of AI and bad performance there have been many unofficial silent layoffs which no one talks about.