Layoffs are a tough decision for any company. However, there have been various companies that have been announcing layoffs.
According to trueup.io, so far in 2023, there have been 379 layoffs at tech companies with 113,082 people impacted (3,231 people per day).
However, In 2022, there were 1,535 layoffs at tech companies, and 241,176 people were impacted. The actual reason behind the layoffs in the tech companies was overhiring during the first two years of COVID-19. It was followed by global macroeconomic conditions.
As per earlier data, more than 1,600 tech employees are being laid off per day on average in 2023 globally including in India, and the sacking episodes have gained speed amid the global economic meltdown and recession fears.
The basic list of layoffs is as follows:-
- GoMechanic fires nearly 70% of the workforce due to Reported Incorrect Financial Data.
- Microsoft announced to layoffs of 11,000 employees worldwide due to the global economic slowdown.
- Unacademy will let go of around 40 people.
- Tencent Holdings Ltd fired more than 100 employees.
- An American multinational technology company, Google parent Alphabet had announced to sack of 12,000 employees.
- Ola has fired 200 people in a fresh round of layoffs.
- Wipro has fired 452 freshers over poor performance during Internal Test.
- Adobe Inc has eliminated about 100 jobs, concentrated in sales. The company shifted some employees to other roles internally.
- Cisco Systems Inc is beginning a restructuring plan that will affect about 5% of employees.
The major companies that laid off employees include Amazon, Google, Microsoft, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally.
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. Microsoft and Salesforce laid off 10,000 and 7,000, respectively.
