Almost 17,400 tech layoffs recorded worldwide in February

1,54,336 employees were let go by more than 1,000 organisations in 2022. Around 340 businesses have fired more than 1.10 lakh workers so far in 2023, and it doesn't seem like the trend will slow down.

The tech sector has seen job losses totaling more than 17,400 people worldwide so far in February, with many employees in India receiving pink slips as the macroeconomic situation around the world worsens.

This month, several well-known organisations have started to lay off employees, including Yahoo, BYJU's, GoDaddy, GitHub, eBay, Autodesk and OLX Group.

Around 340 businesses have fired more than 1.10 lakh workers so far in 2023, and it doesn't seem like the trend will slow down.

In January alone, more than 288 businesses worldwide cut more than 3,300 tech jobs every day on average. Because of the recession, there will probably be more job layoffs in the following days.

According to layoff.fyi, a website that records job losses internationally, about 1 lakh of them lost their jobs in January, mostly at businesses like Amazon, Microsoft, Google, and Salesforce among others.

According to reports, Meta which fired 11,000 workers in November last year, plans to significantly reduce personnel during its "year of efficiency".

1,54,336 employees were let go by more than 1,000 organisations in 2022, according to data from the layoffs monitoring website Layoffs.fyi. More than 2.5 lakh workers in total have lost their employment thus far.