In recent weeks, it seems that announcements of yet another tech company conducting mass layoffs are happening everyday. Today, Amazon was the latest to let some of its employees go. From Shopify to Netflix and Wealthsimple to Meta, an estimate of 788 tech companies have laid off over 120,000 employees in 2022 alone, according to online aggregator layoffs.fyi. Why are these layoffs happening, and what does it mean for the economy's future? In part one of this Global News series, Erica Vella takes a closer look. For more info, please go to https://globalnews.ca/news/9266161/meta-layoffs-why-tech-companies-are-cutting-staff/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #Tech #Economy