Tech Layoffs Stats 2023: Where the Jobs Cutback Axe is Falling
Tuesday April 4th 2023 – Tech layoffs stalk the land where once the tech giants reigned supreme. The pandemic's aftermath has unleashed a wave of job cuts as companies scramble to adapt to a changing market.
The "year of efficiency," as coined by Mark Zuckerberg, has seen over 265,000 people lose their jobs in the tech industry, with major players like Amazon, Google, Meta, and Microsoft each cutting over 10,000 positions.
Even Twitter has reduced its workforce by at least 50% since Elon Musk's acquisition.
Business 2 Community breaks down where the job cuts are hitting