Has the Era of the Mega-Layoff Arrived?

From Snap to Block to Amazon, a new template for ‘right sizing’ the workforce is spreading through C-suites—and other companies are taking note

Quick Summary

• Companies are increasingly conducting large-scale layoffs, receiving investor praise and stock bumps, a shift from past perceptions.

• Snap is laying off 16% of its staff, and Block eliminated 40% of its workforce, with both companies’ shares rising after the announcements.

• The willingness to make large cuts reflects a view that big teams impede progress.