Neowin

In this editorial, I argue that big tech companies are making the right decision by making sweeping job cuts, despite being hard to do and hard on the people whose lives are affected as a result.

Communication and marketing software company Twilio is set to cut a significant portion of its workforce. This comes after the company already laid off more than 800 people back in September.

Another company in the tech industry has announced a round of layoffs as GitLab, key competitor to Microsoft's GitHub, confirms that it will be reducing its team size by 7% overall.

The ride-hailing firm, Lyft, has announced it's cutting 13% of jobs. It said it needs to become leaner as a recession looms and insurance costs rise. The cuts will affect more than 650 people.

Elon Musk is reportedly planning to lay off half of Twitter's workforce as a cost-cutting measure. Twitter's new boss may also give another piece of bad news for those who get to stay in the company.

Twilio has become the latest tech company to lay off employees. It's cutting around 866 jobs as it seeks to narrow down its focus. By concentrating its efforts, it hopes that it can be profitable.

Netflix has cut a further 300 staff after continuing to lose subscribers. It has lost 200,000 customers this year and by July expects this figure to rise to a staggering 2.2 million.

Nokia has confirmed plans to cut a third of the workforce at its subsidiary Alcatel-Lucent. It comes just months after it announced that it would need to cut costs by a huge €500 million.