Over the course of the past several months, leading American tech companies including Amazon, Meta, Twitter, Snap and others have announced large-scale layoffs, collectively letting go tens of thousands of workers due to a worsening economic climate. In the first two weeks of November alone, more than 25,000 tech workers have suffered layoffs. Economists now project a recession is almost certain in the next 12 months.
Despite this, several organizations have launched a renewed call for Congress to pass a bill (AICOA) banning large tech companies from offering integrated services – legislation that would negatively impact tech services and the employees who build and maintain them.
For tech workers and companies, this has been one of the worst months since the Dot Com bust more than twenty years ago. Congress should be looking for ways to support our tech workforce, not considering new regulations that stifle an already damaged tech sector. A recession is the wrong time to bring up a job killer like AICOA.
Chamber of Progress (progresschamber.org) is a center-left tech industry policy coalition promoting technology’s progressive future. We work to ensure that all Americans benefit from technological leaps, and that the tech industry operates responsibly and fairly.
Our corporate partners do not have a vote on or veto over our positions. We do not speak for individual partner companies and remain true to our stated principles even when our partners disagree.
Adam Kovacevich is the Founder and CEO of Chamber of Progress, a new tech industry policy coalition promoting technology’s progressive future.
The previous was originally adapted from a Nov. 16 press release.