Tech Layoffs 2023: About 2.5 lakh employees laid off globally in 2023 so far

Tech Layoffs 2023: Macroeconomic challenges globally has pushed tech companies to cut down on jobs for the past two years in a massive scale. As per Layoffs.fyi data, so far in 2023 about 2.5 lakh employees have lost their jobs in the global technology and startup sector.

The data shows that 1,106 tech companies have sacked 2,48,974 employees. In comparison last year, 1,024 tech companies laid off a total of 1,54,336 employees.

Tech Layoffs 2023 - Massive Job Cut

As per Siasat Daily's analysis, on average, about 555 employees lost their jobs every day in the last two years – or 23 workers every hour. In January alone 89,554 employees were laid off.

Also Read: Tech titans Google, Amazon, Snap, and Zillow announce global layoffs, signaling industry shift

While sectors like retail tech and consumer tech saw the most number of job cuts this year, the month November has seen major layoffs in several tech and gaming companies. As per Siasat.com, more layoffs are expected in the remaining months of 2023.

Layoffs in November 2023

Ubisoft - This French gaming company which published popular franchises like Assassin’s Creed and Far Cry, has laid off about 124 employees as part of a corporate restructuring and reorganisation effort

Snap - The parent company of Snapchat has laid off nearly 20 employees who held project management titles. The layoffs was part of a restructuring effort aimed at streamlining the social messaging company

F5 - This US based multi-cloud application security and delivery company has reportedly laid off 120 employees this month

Viasat - This Global Communication company is laying off 10% of its workforce which is 800 employees.

Splunk - This US-based Cybersecurity company has announced to lay off 7% of its global workforce

(With inputs from The Siasat Daily)