Tech behemoths Spotify, Salesforce, Google, Amazon, and Microsoft have joined small Silicon Valley startups in slashing their workforces—to the tune of more than 56,000 workers losing their jobs in recent weeks.
With the COVID-19 pandemic effectively over and the Federal Reserve raising interest rates to cool inflation, a pre-pandemic tech surge is looking more like a bubble—despite the U.S.’s low unemployment rate of 3.5 percent.
The bubble burst fast for people like Jeremy Joslin, a Google software engineer who spent 20 years with the company. His tweets went viral after he said his termination was “a slap in the face” and that he wished he “could have said goodbye to everyone face to face.”
Joslin learned he had lost his job in an early-morning email on January 20 delivered to his personal email address. He thought it looked suspicious. But after being unable to access his work email, Joslin realized it was real.