Data suggest that 2023 is firmly on pace to surpass 2022 for global tech redundancies.
More than 101,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.The data suggest that 2023 is firmly on pace to surpass 2022 for global tech redundancies, with 340 tech companies... More than 101,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.
On Monday, communications-software company Twilio Inc. TWLO disclosed that it will lay off about 17% of its workforce. Based on the company’s latest annual report, that would suggest that more than 1,300 employees will be laid off. Microsoft Corp. MSFT also confirmed plans to cut about 10,000 positions. Earlier reports from Sky News and Bloomberg had indicated that the software maker was preparing to make cuts.
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