Last year tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.
More than 210,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.The data show that 2023 has easily surpassed 2022 for global tech redundancies, with 798 tech companies laying... More than 210,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.
Earlier this month Spotify Technology SA SPOT announced plans to lay off approximately 200 people, or 2% of the company’s workforce.Chinese tech giant Alibaba Group Holding Ltd.’s BABA cloud unit also started cutting 7% of staff, Barron’s reported last month, citing a source familiar with the matter. News of the job cuts was first reported by Bloomberg.
Other big-name tech companies have also been making cuts. In early May, Microsoft Corp. MSFT -owned LinkedIn announced plans to cut its workforce by more than 700 employees. The company was also getting rid of its local jobs app in China.
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