Last Update: February 05, 2023, 09:31 IST
3,300 tech workers lost their jobs every day.
Except for Apple, every other big tech firm cut jobs in January, led by Amazon with 18,000 job cuts, followed by Google with 12,000 and Microsoft with 10,000.
In what can be termed as the worst month ever for tech workers, close to 1 lakh of them lost their jobs globally in the month of January, dominated by companies like Amazon, Microsoft, Google, Salesforce and others. Was.
This means that on an average, more than 3,300 tech workers were laid off every day by more than 288 companies worldwide.
Except for Apple, every other big tech firm cut jobs in January, led by Amazon with 18,000 job cuts, followed by Google with 12,000 and Microsoft with 10,000.
Salesforce (7,000), IBM (3,900) and SAP (3,000) were other tech companies that announced layoffs last month.
In 2022, more than 1,000 companies laid off 154,336 employees, according to data from layoff tracking site Layoffs.fyi.
So in total, more than 2.5 lakh tech workers have lost jobs in 2022 and now.
As more and more big tech companies continue to lay off employees, they listed various reasons behind the move – over-hiring, uncertain global macroeconomic conditions, strong tailwinds from the COVID-19 pandemic and more.
After laying off 11,000 employees, Meta founder and CEO Mark Zuckerberg now wants 2023 to be the “year of efficiency”.
Joining the season of massive layoffs, online marketplace OLX Group slashed 15 per cent of its workforce or more than 1,500 employees, including globally. India As part of restructuring amid fears of a global slowdown and recession.
Edtech major BYJU’s has furloughed another 15 per cent of its engineering teams.
According to sources, in a new round of layoffs, the company asked to leave more than 1,000 employees (or 15 percent), mostly from engineering teams.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)