{"id":17587,"date":"2022-08-20T02:32:33","date_gmt":"2022-08-20T02:32:33","guid":{"rendered":"https:\/\/undergroundnews.co.uk\/?p=17587"},"modified":"2022-08-20T02:32:34","modified_gmt":"2022-08-20T02:32:34","slug":"why-are-tech-giants-like-apple-netflix-firing-employees","status":"publish","type":"post","link":"https:\/\/undergroundnews.co.uk\/?p=17587&lang=en","title":{"rendered":"Why are tech giants like Apple, Netflix firing employees?"},"content":{"rendered":"\n<p><strong><em>Mishaal Arshad C.M Underground News<\/em><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Apple has let go of nearly 100 contract workers.<\/strong><\/li><li><strong>Tech companies were hiring a lot up until last year.<\/strong><\/li><li><strong>Economic uncertainty makes even biggest companies slow down.<\/strong><\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-cnvs-separator-id-1660962549572\"\/>\n\n\n\n<p>The most recent company to lay off workers is Apple which has let go of nearly 100 contract workers, reported\u00a0<em>Bloomberg News.<\/em><\/p>\n\n\n\n<p>Other tech giants like Meta, Microsoft and Amazon have taken similar steps this year.<\/p>\n\n\n\n<p>It seems as if the tech sector is taking a break from hiring new people.<\/p>\n\n\n\n<p><em>Market Place\u00a0<\/em>reported that tech companies were hiring a lot up until last year because pandemic lockdowns have increased the demand for their products.<\/p>\n\n\n\n<p>However, things are now changing.\u00a0JP Gownder at Forrester Research said that it now depends on the type of tech company we are discussing.<\/p>\n\n\n\n<p>He said that there were some companies that were genuinely facing performance problems while others simply wanted to slow down and be cautious.<\/p>\n\n\n\n<p>Giving Netflix\u2019s example, he said that it laid off 450 employees because it was struggling with new competition.\u00a0<\/p>\n\n\n\n<p>Other companies were worried about the economy. Economic uncertainty makes even the biggest companies slow down and take preemptive steps to protect themselves.<\/p>\n\n\n\n<p>Carolina Milanesi, a tech analyst with\u00a0<em>Creative Strategies<\/em>\u00a0said that after a big boom we saw in hiring, the slowed pace should be expected.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Mishaal Arshad C.M Underground News Apple has let go of nearly 100 contract workers. Tech companies were hiring&hellip;\n","protected":false},"author":3,"featured_media":17591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[50,76,71,101],"tags":[],"class_list":{"0":"post-17587","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-important-news","9":"category-latest-news","10":"category-science-and-technology","11":"cs-entry","12":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/17587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17587"}],"version-history":[{"count":1,"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/17587\/revisions"}],"predecessor-version":[{"id":17592,"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/17587\/revisions\/17592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=\/wp\/v2\/media\/17591"}],"wp:attachment":[{"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/undergroundnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}