Feb 22, 2023
By: Rounak Jain
Credit: Canva
According to data from layoffs tracker Layoffs.fyi, over 2,093 employees have been given the pink slips every day in 2023 so far.
Credit: Canva
During this period, 1,08,854 employees in the tech sector have been shown the door by companies around the world.
Credit: Canva
While the first two months of 2023 witnessed 1.09 lakh layoffs, the full year 2022 witnessed 1.6 lakh layoffs.
Credit: Canva
US tech giants Google, Meta, Amazon, and Microsoft have led the layoffs, accounting for 43,000, or nearly 40 percent of the total tech layoffs this year so far.
Credit: Canva
The top ten companies accounted for nearly three out of every four layoffs during this period, at 80,125 layoffs.
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13,339 of the 1.09 lakh employees laid off were in India.
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65, or nearly 17 percent of the 389 tech companies laying off employees, are either based in India or have their operations here.
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Five new-age tech companies, namely WhiteHat Jr, Bytedance, Paisabazaar, Oyo and Cars24 account for 7,200 layoffs, which is more than half of total layoffs in India.
Credit: WhiteHat Jr
56 out of the 65 companies which laid off employees in India are based out of two regions – Delhi NCR and Mumbai.
Credit: Canva