Tracking tech layoffs: Why companies like Amazon and Meta cut jobs in 2022

While last year's labor market was remarkably strong, the tech industry was an exception.   After a massive hiring spree in the first two

years of the pandemic, industry giants like Amazon and Meta reversed course in 2022. There were at least 154,000 layoffs from more than 1,000 tech companies last year, according

to Layoffs.fyi, a website that has been tracking tech layoffs since March 2020.  The website's tallies – which are likely an undercount – have continued at a

fast clip in 2023, with more than 55,000 layoffs recorded so far this year.  Start the day smarter. Get all the news you need in your inbox each morning.

"The number of actual layoffs is going to be much higher than what's on the site just because most layoffs don't get reported," Layoffs.fyi creator Roger Lee told USA TODAY.

"Unfortunately, I don't see the layoffs going away anytime soon." Which tech companies are doing layoffs? Layoffs.fyi data shows the U.S. tech

companies that trimmed the most jobs last year include:  Meta: 11,000. Amazon: 10,000. Cisco: 4,100. Carvana: 4,000. Twitter: 3,700.

Google layoffs: Google to lay off 12,000 employees, the latest tech giant to cut thousands of jobs Are tech companies

freezing hiring? Job openings for tech jobs dropped nearly 30% from January to December of last year, while hires in the industry were down 23%, according to

December data from talent acquisition company iCIMS.