iStock; Marianne Ayala/Insider
- Mass layoffs at tech firms indicate they want to become efficient.
- One productivity metric to watch is revenue per employee, which has fallen at some big firms.
- We crunched the numbers to show the bloat — with one notable exception.
Tech's year of efficiency is in full swing, but some companies have more to do than others to turn their fortunes around.
More than 300,000 workers in the sector have been laid off since the beginning of 2022, as companies discover that their pandemic gains aren't permanent and the economy slows down.