Various companies have used the term rightsizing to describe job cuts, but some criticize the language as opaque. [Cristina Spanò/The New York Times] As the era of low interest rates came to a halt over the past two years, hundreds of tech companies slashed jobs. Alphabet, Google’s parent company, cut 12,000 jobs, or about 6% of its global workforce, at the start of 2023. Meta laid off more than 10,000 employees, or roughly 13% of its staff. So did other household names, including Microsoft, Amazon and Disney. More than 260,000 tech employees were laid off in 2023, according to Layoffs.fyi, a si
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