Tech Giants to Spend Up to $4.7 Billion on Mass Layoff Exit Packages

  • Google parent company Alphabet will have the highest severance cost, ranging from $1.9 billion to $2.3 billion.
  • Meta’s severance costs are estimated to be $975 million.
  • The collective severance cost for Meta, Amazon, Microsoft and Alphabet will be up to $4.7 billion.