|San Francisco|5 min read
AMERICAN TECH firms are in lay-off mode. Oracle, a cloud-computing wannabe, has just sacked thousands. Block, a digital-payments darling, is slashing more than 4,000 roles—nearly half its workforce. Amazon and Meta are trimming. From 2022 to 2025 they and five fellow tech giants scarcely added to payrolls. Total employment, tech-related and not, in San Francisco, the world’s tech capital, has fallen by 3% since the start of 2023.
This article appeared in the Finance & economics section of the print edition under the headline “Code red”
From the April 18th 2026 edition
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