Just a few days into 2023 Amazon CEO Andrew Jassy announced that there would be 18,000 layoffs across the company.

Within the same week, Microsoft's CEO announced the dismissal of 10,000 workers and according to Google there were terminating 12,000 employees.

The question is,

What is the cause of the recent tech layoff in most of the big tech companies and why now?
According to press statistics, the biggest tech companies blamed recent layoffs on,

Economic Conditions Caused by the Covid-19 Pandemic

Recall that the World health organization initially reported the virus on Dec 31, 2019, and declared the Covid-19 outbreak globally on Jan 30, 2020, which affected thousands of people who were either sick or even killed by the spread of the virus.
Read more @ https://mela.hashnode.dev/reasons-behind-the-recent-tech-layoffs-and-how-its-affecting-majority-of-people

I write about Tech development.