219 tech companies laid off more than 68,000 employees in January
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New Delhi (Best Hindu News): The beginning of the month of January has been very bad for the employees of the tech world. Globally, an average of more than 3,400 tech workers were being laid off per day in January. Big tech companies like Microsoft and Google are also included in this list. According to data from layoffs tracking site layoffs.fyi, 219 companies have laid off more than 68,000 employees in January so far. In 2022, more than 1,000 companies laid off 154,336 employees. The massive 2022 layoffs of tech workers continue into the new year.
According to the report, in 2023 most business economists have predicted that their companies may cut payrolls in the coming time. According to a report, only 12 percent of economists surveyed by the National Association for Business Economics (NABE) forecast their firms would increase employment over the next three months, down from 22 percent this fall.
According to Julia Coronado, president of the National Association for Business Economics (NABE), this year is going to enter a recession, which is a matter of widespread concern. With more tech giants like Microsoft and Google joining the ongoing layoff season, nearly 3,000 tech workers have been laid off on an average every day in January globally, including in India, which is grim.
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