Meta, Amazon, Microsoft and Alphabet posted earnings this week. Meta, Amazon, Microsoft and Alphabet’s severance packages will cost up to $4.7 billion. The tech giants have collectively laid off tens of thousands of workers over the past few months. Google parent company Alphabet will have the highest severance cost, at a maximum of $2.3 billion. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Big tech firms are accruing billions in costs from exit packages as mass layoffs continue to sweep the industry. Meta, Amazon, Microsoft and Alphabet will collectively spend up to $4.7 billion on severance costs alone, earnings reports posted this week show. Meta’s severance costs totalled $975 million for the fourth quarter, but it said some of the cost will be offset by "decreases in payroll, bonus and other benefits expenses." Facebook’s parent company axed more than […]
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