The Massachusetts technology sector has benefited over the past decade from the expanding operations of West Coast giants such as Google, Meta, & Amazon, which created thousands of local jobs.
Now, that trend is reversing. Meta, the parent company of Facebook, on Wednesday announced the largest layoff in the company’s 18-year history, cutting more than 11,000 people, or 13 percent of its workforce. Google is also in cost-cutting mode, trimming projects, limiting travel, and slowing hiring, chief executive Sundar Pichai has said. And last week, Amazon said it would “pause” hiring for its corporate workforce until next year.
The economic pressure on the West Coast tech giants, which all have substantial operations in Massachusetts that they were planning to expand before the slowdown hit, could lead to more local job losses.
These losses will always be remembered, but for sure, professionals should continue to aspire to their dreams, working on their learnings, development, and growth to have the edge over others in the competitive environment.
For those who lost their jobs in this mass layoff, we have complete sympathy & WE would work with you together to support & see you on your goals.
Remember, there is nothing that lasts forever, neither happiness nor sorrow.
Fight for your success; you are a fighter. Good luck with your future.
With lots of love & respect!