Tech Layoffs: A Growing Concern for Companies and Employees Alike

Tech companies have been laying off employees to become more efficient, with a focus on the productivity metric of revenue per employee. Analysis shows that many big tech firms have experienced declining revenue per employee despite hiring heavily in the years leading up to and during the pandemic. Apple is the exception, with its revenue per employee soaring since the start of the pandemic. Twitter produced the least revenue per employee, while Alphabet generated the most. Bigger doesn't always mean better, and pursuing a bigger workforce may have stunted productivity.