Source | economictimes.indiatimes.com | ET Online
Over 1,600 employees are being fired per day in 2023 by tech companies globally, including in India, recent data has revealed. These mass layoff incidents are increasing across the globe amid fears about global recession and slowdown.
Around 91 companies have laid off more than 24,000 tech employees in the first 15 days this month, signalling worse days ahead. In 2022, over 1,000 companies laid off more than 1.5 lakh employees, as per the data from Layoffs.fyi.
Several big companies in the tech sector, including the likes of Meta, Amazon, Twitter, Better.com, Alibaba laid off employees. Indian companies were no strangers to this phenomenon.