Wooden pegs with red Xs on them, representing staff who are being cut

Subscription Company Layoffs Continue Into Second Half of 2023

Companies continue to rightsize and rethink their long-term strategies for growth and sustainability at the cost of employees.

During the last quarter of 2022 and the first quarter of 2023, subscription companies laid off tens of thousands of employees for a range of reasons. Companies like Amazon, Microsoft and Salesforce added staff during the pandemic to meet rising demand from customers and subscribers. As the nation recovered from the pandemic, subscription companies found they were overstaffed as demand decreased. Meanwhile, the economy shifted, revenue slowed, and companies reconsidered their long-term plans for ...

 


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