Is there a need for layoffs at Big Techs? (07Apr2023)
Highlights of Layoffs There is much news of layoffs in the US. This is a post from Twitter user The Kobeissi Letter : Big Tech Let us take a deeper look into Big Tech to better understand their employment and their financial performance. In this case, I am looking at Microsoft, Alphabet, Tesla, Apple and Meta (former Facebook) for the period between 2017 to 2021. For the financial data, I have used ChatGPT for most of the data compilation. Revenue of Big Tech (2017 - 2021) From 2017 to 2021, we have seen the following annual revenue growth of the above Big Tech: 88.10% for Microsoft 100.36% for Alphabet 383.05% for Tesla 51.48% for Apple 184.77% for Meta However, a growing top line (annual revenue) does not always lead to profitability (annual net income). This is an extract from my recent write-up on Amazon: Analysis of Amazon’s revenue, net income and employees Analysis of Amazon’s revenue, net income & staffing since 2018 Observations about Amazon’s perfo...