In 2022, more than 1,000 companies will lay off 154,336 employees. (Image: Canva)
According to data from layoff tracking site Layoffs.fyi, 219 companies have laid off more than 68,000 employees so far in January.
The month of January started off on a super bad note for employees in the tech world. Globally, more than 3,400 tech workers are being laid off on average per day in January, with more big tech companies like Microsoft and Google joining the ongoing layoff season.
According to data from layoff tracking site Layoffs.fyi, 219 companies have laid off more than 68,000 employees so far in January.
In 2022, more than 1,000 companies laid off 154,336 employees, according to data from layoff tracking site Layoffs.fyi.
The massive tech layoffs of 2022 continue into the new year. The incidence of dismissals has risen amid the global economic slowdown and fears of a recession.
Deeper layoffs are coming in 2023 as most business economists predict their companies will cut payrolls in the coming months.
According to a report in CNN citing a new survey, only 12 percent of economists – polled by the National Association for Business The Economics (NABE) – expects employment at his firms to increase over the next three months, “down from 22 percent this fall”.
This is the first time since the early days of the Covid pandemic that more business leaders forecast a shrinking of jobs in their firms.
According to NABE President Julia Coronado, the findings indicate “widespread concern about us entering a recession this year.”
Nearly 3,000 tech workers are now being laid off on an average per day in January globally, including in India, with more big tech companies like Microsoft and Google joining the ongoing layoff season.
According to the survey, more than half of business economists feel the risk of a recession next year is 50 percent or more, which means there will be more layoffs in 2023.
Amidst the layoffs, another bad news has come for the employees, especially from India In the US, as Google has paused its Program Electronic Review Management (PERM), a key step in obtaining an employer-sponsored green card.
Google has sent an email to foreign workers informing them that the tech giant will halt any new PERM filings, leaving foreign workers in limbo.
“Knowing how this news may affect some of you and your families, I wanted to update you as soon as possible about the difficult decision we have had to make to pause new PERM applications. This does not affect other visa applications or programs,” reads an email from a company executive.
A Google employee posted the email on Team Blind, an anonymous social networking site for certified IT workers.
The PERM application is an important first step in the green card (permanent residence) process.
This process requires employers to demonstrate that there are no qualified US workers available for a particular role, which has been a difficult position for us to support in today’s labor market.
Meanwhile, LinkedIn is filled with job hunts, offers of support for laid-off friends and colleagues, and advice for dealing with career roadblocks as many companies look to navigate their workforces through an uncertain macroeconomic environment. trims for
Some LinkedIn groups are providing assistance with signing exit paperwork and making connections to new jobs.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
