Mass layoff exit packages at Meta, Amazon, Microsoft and Alphabet will collectively cost the tech giants up to $4.7 billion

• 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.

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.