The storm of layoffs at tech companies continues, even more so than in 2022.
Tech companies are expected to cut more jobs globally in 2023 than in 2022. Layoffs.fyi statistics show that,Since the beginning of the year, 403 tech companies have laid off 110,721 workers, compared with 154,336 from 1,024 tech companies last year.
As the financial environment continues to tighten and the US economy slows down, many technology companies have to "cut their arms to survive". Intel has laid off more than 25,000 people in less than a month, Amazon has laid off 18,000 people, Microsoft and Alphabet have announced 10,000 level of layoffs.
In addition, Dell, IBM, PayPal, Twilio, DocuSign, Salesforce, Spotify and other industry giants are laying off workers.
Of the tech giants so far, only Apple has narrowly escaped. While Apple did not announce layoffs, there are reports thatRecently, Apple has fired its outsourcing employees without their contracts expiring.
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