Covid-19 changed the situation of working. There have been various companies that even overhired employees which led to layoffs.
According to a recent report of TOI, M Vignesh, a 24-year-old software engineer committed suicide by hanging himself in Padi.
Parents suspected when M Vignesh’s room remained locked for a long time and there was no response from his room. The door of his room was broken and he was found hanging in his room.
Also Watch, What is Career in 2023, Click Here
M Vignesh was sacked by an Ambattur-based IT firm in January. He could not find a job post being sacked which led him to take the extreme steps of suicide.
During the investigation, police recovered a suicide note from his room. He asked his mother to take care of her health and he apologized to his sister and mother. Additionally, he has not held anyone responsible for his suicide.
So far in 2023, there have been 642 layoffs at tech companies with 174,682 people impacted (2,361 people per day). In 2022, there were 1,535 layoffs at tech companies 241,176 people were impacted.
The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession.
Tech companies have either frozen the hiring process or laid off many employees. The major companies that laid off employees include Infosys, Amazon, Google, Microsoft, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally.
So far in 2023, there have been 631 layoffs at tech companies with 164,273 people impacted (2,282 people per day). In 2022, there were 1,535 layoffs at tech companies 241,176 people were impacted.
Disney laid off 7,000 employees to make the business more profitable. Recently, Zoom also announced to sack of 1300 employees or roughly 15 percent of the company’s workforce. Additionally, the Zoom CEO’s salary is to be reduced by 98%.
Earlier in November, Amazon announced that will be layoff 10,000 employees. However, the company further added 8,000 employees, and the total layoffs were announced as 18,000 employees. On the other hand, Google sacked roughly 12,000 staff and Salesforce laid off 7,000 employees.
