In 2022, over 1 lakh employees lost their jobs across various sectors. But in less than 9 days in January over 30,000 employees have lost their jobs. The layoff number has exceeded December in a few days.
Data from the layoff tracker shows that a total of 30,611 people from 30 companies were laid off in the first six days of January. Incidentally, this is nearly double the number of people laid off in the entirety of December 2022.
The companies including Meta Platforms Inc, Amazon.com, Twitter Inc, and Snap together sacked nearly 1 Lakh employees in 2022. The layoffs were higher by up 649% from 2021.
Below is the list of a few companies that reduced their workforce in the first week of 2023:
- Amazon’s decision to lay off more than 18,000 roles as part of workforce reduction.
- Cisco the digital com-tech company announced its plans to lay off around 700 employees.
- Salesforce announced that it plans to lay off about 10% of its workforce and close some of its offices.
- Goldman Sachs Group Inc will start one of its biggest rounds of layoffs. The company will layoff 3,200 positions this week.
- The digital currency exchange Huobi has laid off approximately 20% of its staff.
Anjali Sud CEO, Vimeo also announced the downsizing of the workforce by 11%. She shared a Linkedin Post saying, “This was an incredibly hard decision, one that impacts peoples’ livelihoods and spirits in already difficult times.
“It is also the responsible choice to enable Vimeo to be a more focused and successful company, operating with the necessary discipline in an uncertain economic environment. With this reduction we are well positioned to both invest in our growth priorities and be sustainably profitable, with a strong balance sheet and over 1,000 employees all singularly focused on bringing the power of video to every business in the world”, she added.