24,000 employees fired by 91 tech companies in the first 15 days of January 2023

For tech workers everywhere, 2023 got off to a worse start. In the first 15 days of this month, 91 companies fired more than 24,000 tech professionals, indicating that things will only get worse. According to layoff tracking website Layoffs.fyi.Crypto lending exchange, 24,151 tech professionals lost their employment, with businesses like Amazon, Salesforce, Coinbase, and others accounting for the majority of these losses. Last week, Crypto.com announced that it would be reducing its global workforce by about 20% due to persistent economic difficulties and unforeseen business occurrences.

2023 starts with Lay-offs by Tech Companies

In January, voice automated firm Skit.ai and Ola, which laid off 200 staff, dominated the news in India. Over 17,000 tech personnel were let go in December of last year.

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Number of Lay-offs reaches its nadir in November 2022

The website monitoring job losses since the epidemic began reports that 153,110 employees were laid off in 2022, with businesses including Meta, Twitter, Oracle, Nvidia, Snap, Uber, Spotify, Intel, and Salesforce leading the way. November marked the lowest amount of layoffs ever with 51,489 tech professionals losing their employment. Another major tech company, Google, is anticipated to take drastic measures to decrease its workforce in early 2023.

According to a report from The Information, about 6% of Google employees may be let go for "not having enough impact." In Google's 2023 layoffs, up to 11,000 people could lose their employment. It implies that 2023 will go down in history as the worst year for technology.

At the end of this month, the Big Tech quarterly results will be released, and all eyes will be on them.

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