IT layoffs 2023: Around 3000 employees are being fired every day in January by tech giants | Technology News

New Delhi: About 3,000 tech workers are now let go each day on average in January worldwide, including India, as more big tech companies like Microsoft and Google join the ongoing season of layoffs. The frequency of dismissals increased as concerns about economic recession grew around the world. So far, 166 IT companies have laid off more than 65,000 workers.

Alphabet, the parent company of Google, has said that 12,000 people will be let go, or about 6 percent of its total. The business will be “making changes that will reduce our total headcount by 10,000 through the end of fiscal ’23 Q3 (Q3),” according to Microsoft Chairman and CEO Satya Nadella, who made the announcement last week. (Also read: CEO Sundar Pichai reveals the reason behind Google layoffs; Read the details inside)

Earlier this year, Amazon said it would lay off 18,000 employees worldwide, including about 1,000 in India. 154,336 employees were let go by more than 1,000 organizations in 2022, according to data from layoffs monitoring website Layoffs.fyi. (Also Read: Union Budget 2023: From Tax Relief to Job Creation, Five Key Expectations from the Next Budget)

The massive 2022 tech layoffs continue into the new year, and Indian startups and companies are also among the top employers to be laid off.

(With input from IANS)

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