Daily Management Review

Layoffs in IT-companies in the world exceeds 236 thousand since beginning of 2023


According to a survey by Layoffs.fyi, more than 236 thousand people worldwide lost their jobs in the technology sector since 2023.

There will be a large increase in layoffs in the tech sector compared to previous year by the end of 2023. Thus, 1,019,000 tech enterprises have fired 236,495,000 individuals since the year's commencement. Layoffs.fyi notes that 1.024 thousand businesses fired 154.34 thousand workers at the conclusion of the previous year.

Telecom equipment maker Cisco Systems Inc. stated last week that 350 employees will be laid off, and Roku Inc., provider of streaming services, announced a 10% personnel reduction in early September. At the end of the previous year, it employed around 3,600 employees in total.

Among the companies that announced layoffs this year are the US-based Amazon.com Inc, Salesforce Inc, Zoom Video Communications, eAlphabet Inc, and others.

source: layoffs.fyi