Not just Twitter — Silicon Valley is gearing up for recession with layoffs & hiring freezes

By - 5 November 2022


5 November 2022

New Delhi: Rumours of major layoffs at Twitter have been in the air ever since Elon Musk took over last week, they were confirmed via a memo Thursday. But tech companies have been seeing a downtrend in hiring since the beginning of the year in anticipation of a recession.

In his first memo since the takeover, Elon said that “in an effort to place Twitter on a healthy path”, the company would be reducing its global workforce from Friday.

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