
More Tech Layoffs in the Winters, as Per the Reports
By Garvit Vyas , 13 March, 2023
Being in the better parts of the last 12 months many tech stocks and companies have been in a tailspin. This is the main factor behind the reduction in the workforces of numerous start-ups and companies in the tech sector after the pandemic years.
Meta, twitter and amazon saw mass lay-offs where amazon tops the list with 18,000 lay off employees globally. Again, in January 2023, Microsoft announced of reducing its workforce by about ten thousand. Then alphabet also announced 12,000 jobs cut off. According to the reports, winter months have seen a greater number of heavy lay offs at the start ups and the tech companies.
Again, as per the data, in November 2022, more than 50, 000 techies were laid off in global scenario. Amazon let go of 10,000 workers and Meta laid off 11,000 employees. Again, Salesforce fired another 1,000 employees after previous waves of layoffs. In the fintech sector, Crypto companies are among the worst hit in the fintech sector.
According to the survey, since the beginning of the year, around 120,000 employees have been fired at the tech related companies. This is around 75 percent of the tech in 2022. The companies like Dell, PayPal, IBM, Yahoo and Zoom parted ways with 1300-6500 employees each. Again, 283,000 people laid off between January 1, 2022 to march 2, 2023. This counts for 68 percent of the them in the United States.
Of Tech Employees Let Go

Latest News

In 2025, The “Cobots” Adoption in SMEs Market will Begin Transitioning as Small and Medium Sized Enterprises (SMEs) in Europe, Asia, and North America are cross-adopting collaborative robots (cobots) to enhance intralogistics and material handling…

The unprecedented funding of Industrial Internet of Things (IIoT) startups in Q2 marks a new record, indicating strong investors' confidence against the backdrop of an ongoing digital transformation. IIoT startups seem to be enjoying the animated…

By 2025, Tesla and BMW have adopted predictive maintenance as a way to optimize operations within the automotive industry. Both companies have established AI maintenance systems to address equipment failures which has greatly improved unplanned…

In 2025, Africa is witnessing significant transformation in the off-grid solar drive rural electrification. With a fast-growing population, and steady expansion of commercial sectors, the demand for clean and affordable energy solutions has been…

The India MedTech market in 2025 is set for profound shifts owing to new regulations as well as the increased focus on domestic manufacturing. With the post-pandemic healthcare needs soaring, the government's policy spending in 2025 aims to turn…
Analyst
Latest News




