Over 17,400 tech employees have been fired globally in February till now
The tech layoffs that started in early January are here to stay because it has been reported that more than 17,400 employees in the tech industry have lost their jobs in February around the world till now as many Indian workers in India have received the pink slip.
In 2023 so far, around 340 companies have laid off more than 1.10 lakh employees worldwide, and there appears to be no respite from job cuts.
Major companies which commenced layoffs this month include Yahoo, BYJU`s, GoDaddy, GitHub, eBay, Autodesk, OLX Group and others.
In January, close to 1 lakh of them lost jobs globally, dominated by companies like Amazon, Microsoft, Google, Salesforce and others, according to layoff.fyi, a website that tracks job cuts globally.
More than 3,300 tech employees lost jobs daily on an average by more than 288 companies worldwide in January alone.
More job cuts are likely coming in days to come amid recession fears.
After firing 11,000 employees in November last year, Meta (formerly Facebook) is reportedly planning to reduce headcount further in its “year of efficiency”.
Aviation giant Boeing is slashing 2,000 jobs in finance and HR verticals this year and the company outsources about a third of those jobs to Tata Consulting Services (TCS) in Bengaluru.
In 2022, over 1,000 companies laid off 154,336 workers, as per the data by layoffs tracking site Layoffs.fyi.
So far, more than 2.5 lakh tech employees have lost jobs.
Also Read: Why the tech layoff trend might be the start of something new
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
The tech layoffs that started in early January are here to stay because it has been reported that more than 17,400 employees in the tech industry have lost their jobs in February around the world till now as many Indian workers in India have received the pink slip.
In 2023 so far, around 340 companies have laid off more than 1.10 lakh employees worldwide, and there appears to be no respite from job cuts.
Major companies which commenced layoffs this month include Yahoo, BYJU`s, GoDaddy, GitHub, eBay, Autodesk, OLX Group and others.
In January, close to 1 lakh of them lost jobs globally, dominated by companies like Amazon, Microsoft, Google, Salesforce and others, according to layoff.fyi, a website that tracks job cuts globally.
More than 3,300 tech employees lost jobs daily on an average by more than 288 companies worldwide in January alone.
More job cuts are likely coming in days to come amid recession fears.
After firing 11,000 employees in November last year, Meta (formerly Facebook) is reportedly planning to reduce headcount further in its “year of efficiency”.
Aviation giant Boeing is slashing 2,000 jobs in finance and HR verticals this year and the company outsources about a third of those jobs to Tata Consulting Services (TCS) in Bengaluru.
In 2022, over 1,000 companies laid off 154,336 workers, as per the data by layoffs tracking site Layoffs.fyi.
So far, more than 2.5 lakh tech employees have lost jobs.
Also Read: Why the tech layoff trend might be the start of something new
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
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