Last Update: January 17, 2023, 13:29 IST
In 2022, more than 1,000 companies will lay off 154,336 employees. (Representational image)
The massive tech layoffs of 2022 continue into the new year, with Indian companies and startups leading the way in furloughing employees.
More than 1,600 tech workers are being laid off on an average per day in 2023 globally, including in India, and the rate of dismissals has accelerated amid fears of a global economic slowdown and recession.
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, with Indian companies and startups leading the way in furloughing employees.
Domestic social media company ShareChat (Mohalla Tech Pvt Ltd) laid off 20 per cent of its workforce due to uncertain market conditions, affecting over 500 employees.
Backed by Twitter, Google, Snap and Tiger Global, ShareChat has around 2,300 employees.
In December 2022, ShareChat laid off less than 5 percent of its employees after shutting down its fantasy sports platform called Jeet11.
Companies like Ola (which laid off 200 employees) and voice automated startup Skit.AI were also in the news for laying off employees this month.
Domestic quick-grocery delivery provider Dunzo has laid off 3 percent of its workforce amid cost-cutting measures.
The year 2023 has started on a bad note for tech workers globally with 91 companies laying off over 24,000 tech workers in the first 15 days of this month, indicating worse things to come.
Amazon announced to lay off 18,000 employees globally including around 1,000 in India.
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
According to market research firm Sensor Tower, the LinkedIn app was downloaded an estimated 58.4 million times globally in 2022 on the Google Play Store and Apple App Store — up 10 percent from 2021.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)