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. Sign up for The Morning newsletter from the New York Times More than 260,000 tech employees were laid off in 2023, according to Layoff