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Social media sites announced massive layoffs that will impact many Empire State residents.

As Amazon began the largest round of layoffs in its history, many have compared the way the sackings have been handled by the company versus Meta, which recently sacked 13 per cent of its staff.

Talking about the reality check. >> reporter: in three weeks the tech industry lost tens of thousands of jobs. historic layoffs at twitter, meta and lyft and amazon. layoffs start fyi, a crowd source layoff tracking price puts it at more than 35,000 layoffs so far this month. >> that is the highest month since the pandemic. so that beats april 2020 which was 17,000 employees laid off. >> reporter: meta cut the work force by 13%. the ceo mark zuckerberg saying he's taking accountability and apologizing to those impacted. new owner elon musk slashed half of twitter's staff with founder jack dors...

As warned by several experts and economists, winter seems set to be harsh on employees of tech companies, online businesses and marketplaces.

As warned by several experts and economists, winter seems set to be harsh on employees of tech companies, online businesses and marketplaces.