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Why has the tech industry had massive layoffs?

Since the first of this year, over 100,000 employees have been laid off in the tech industry, according to layoffs.

Zoom is the latest tech firm to announce layoffs, and its CEO will take a 98% pay cut

Zoom, a hallmark of pandemic life, is laying off some 1,300 employees, or about 15% of its workforce. CEO Eric Yuan said he and other executives will take pay cuts and forgo bonuses.

Zoom announces layoffs and executive pay cuts : NPR

Zoom, a hallmark of pandemic life, is laying off some 1,300 employees, or about 15% of its workforce. CEO Eric Yuan said he and other executives will take pay cuts and forego bonuses.

Zoom is the latest tech firm to announce layoffs, and its CEO will take a 98% pay cut

Zoom, a hallmark of pandemic life, is laying off some 1,300 employees, or about 15% of its workforce. CEO Eric Yuan said he and other executives will take pay cuts and forego bonuses.

Zoom is the latest tech firm to announce layoffs, and its CEO will take a 98% pay cut

Zoom, a hallmark of pandemic life, is laying off some 1,300 employees, or about 15% of its workforce. CEO Eric Yuan said he and other executives will take pay cuts and forgo bonuses.

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