Instability in large multinational technology companies

In recent weeks we have witnessed what is perhaps the largest number of layoffs among tech giants in recent years. The incorporation of Elon Musk to Twitter has been somewhat convulsive, starting with the announcement of a hiring freeze in the workforce and leading to the dismissal of thousands of temporary and subcontracted workers due to the losses the corporation was experiencing. Now this same scenario is being repeated in other large corporations such as Meta and Amazon.

The giant led by Jeff Bezos also announced its intentions to lay off some 10,000 workers while taking a pause in hiring. For its part, Meta reduced the size of its workforce by approximately 13%, equivalent to 11,000 fewer employees.

This situation is not only reflected in the multinationals led by Elon Musk, Jeff Bezos, and Mark Zuckerberg, large and small companies alike are facing great uncertainty about where the great economic recession is headed. But the reality is that Twitter, Meta and Amazon combined are set to lose more than 300 billion by 2022, with huge falls in the stock market.

Although this problem is becoming more evident in US companies, the drift suggests that Europe and Spain will also be affected, which is why companies in the sector must brace themselves for possible scenarios in order to avoid negative consequences.

At research groups like BISITE or technology centres like the AIR Institute, thanks to our capacity to structure public-private collaboration, we will try to maintain as much stability as possible and guide ourselves towards a positive future thanks to our participation in innovative, impactful and consolidated projects, capable of offering security to our researchers and collaborators.

Juan Manuel Corchado

Full Professor in Computer Science and Artificial Intelligence, Department of Computer Science and Automation, University of Salamanca, Spain.


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