info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

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 

Layoff.png

Latest News

2050.png
Big Tech Backs Nuclear Expansion: Pledges to Triple Global Capacity by 2050

Leading technology giants Amazon, Google, and Meta have teamed up with other big energy users in a historic action at the CERAWeek 2025 energy conference in Houston to promote an ambitious initiative: doubling world nuclear power capacity by 2025…

Read More

Shifts.png
China’s Refining Industry Sees 2.1% Growth in Early 2025 Amid Rising Fuel Demand and Geopolitical Shifts

China's refining sector showed resilience and adaptability in the first months of 2025, raising crude oil throughput by 2.1 percent over the year before. According to the National Bureau of Statistics, this increase resulted in a processing volume of…

Read More

2025.png
Elsevier Unveils ScienceDirect AI in 2025 to Revolutionize Research Efficiency

In March 2025, Elsevier launched ScienceDirect AI, a world-renowned leader in science and health information science. This state-of-the-art generative AI tool can potentially transform the industry with its revolutionary advances in research. This…

Read More

Drop.png
EV Revolution: Battery Prices Drop Below USD 100/kWh Amid China's Dominance of the Market in 2025

The global electric vehicle (EV) industry has reached a pivotal milestone. The average price of lithium-ion battery packs has dropped below the USD 100 per kilowatt-hour (kWh) threshold, a benchmark long considered critical for achieving price parity…

Read More

2025.png
China Accelerates Push for Domestic EV Chips Amid Global Trade Tensions in 2025

In 2025, China will focus on self-sufficiency in high-tech industries by further integrating domestically produced semiconductor chips into the country\'s electric vehicle (EV) industry. By doing so, China aims to reduce reliance on foreign…

Read More

Author Pic
Garvit Vyas

Analyst