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Jessica Karl

Big Tech Is Going to Regret All These Layoffs

Alphabet, Microsoft, Salesforce and more are reacting to economic worries in similar ways. Not all of them will be productive.

Once more through the revolving door. — Once more through the revolving door.
Photographer: Interim Archives/Archive Photos

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January 23, 2023, 10:34 PM UTC

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It feels like Big Tech is going through a midlife crisis. We’re seeing all the telltale signs: Frequent changes in mood. Impulse decisions. Feelings of regret worse than when Kylie Jenner incorrectly named her son. Just today, Spotify dropped 6% of its workforce, Microsoft invested $10 billion in OpenAI, and Salesforce cozied up with activist investor Elliott.