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At Elite Business, we’re passionate about championing new business. Providing fresh perspectives and representing disruptive solutions, we’re interested in the startups and SMEs that are spearheading Britain forward. From tech unicorns to entrepreneurs transforming healthcare with AI, we cover the movers and shakers making enterprising exciting. Our online platform covers up-to-the-minute content and presents a unique angle on the things enterprises need to know, from maximising the potential of mobile to setting the world alight on social media. We also gather the best and brightest voices in the community to share their experience.
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Thursday Mar 09, 2023
Thursday Mar 09, 2023
Big Tech is firing employees by the thousands. Why? And how worried should we be?
The tech sector has seen explosive growth in the past two years. The pandemic saw a dramatic rise in the hybrid working model as employees left the office to work from home. This saw major firms such as Amazon and Facebook hire thousands of workers, doubling their headcounts in a matter of months. Now with a potential recession looming, tech companies are laying off workers left and right. In the last year, more than 70,000 people globally have been laid off by Big Tech companies. What has led to this massive shake-up?
Hannah Prevett spoke to Kim Antoniou, founder and CEO of Auris Tech, Ketan Makwana, Tedx, speaker, author and mentor, Melissa Snover, founder and CEO of Nourished, and Will Hale, Group Director EMEA at Monday.com at the Tech Show in London, Excel on Wednesday, March 8. She asked the panel about the mass layoffs of tech talent and what this means for the workforce.
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