Filipino information and communication workers were not spared from the mass layoffs from technology firms which tried to cut down on expenses this year, according to a new report from the Department of Labor and Employment (DOLE).
FILIPINO information and communication workers were not spared from the mass layoffs from technology firms which tried to cut down on expenses this year, according to a new report from the Department of Labor and Employment .
Several multinational tech firms such as Google, Microsoft, Meta, and Amazon earlier announced their decision to lay off thousands of workers due to uncertain economic conditions this year.Aside from information and communication, other sectors with registered high increases in permanent labor displacement were the financial and insurance activities and the mining and quarrying .
Overall, the JDR reported the number of permanently displaced workers in January dropped to 34,820 compared to 53,057 in the same period in 2022.
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