Tech layoffs have risen more than eightfold since mid-January, according to the website Layoffs.fyi.
More than 206,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.The data show that 2023 has surpassed 2022 for global tech redundancies, with 776 tech companies laying off... More than 206,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.
Chinese tech giant Alibaba Group Holding Ltd.’s BABA cloud unit also started cutting 7% of staff, Barron’s reported last month, citing a source familiar with the matter. News of the job cuts was first reported by Bloomberg.Facebook parent Meta Platforms Inc. META also had its latest round of layoffs in late May, according to reports, marking the tech giant’s third round of cuts this year. Meta declined to comment in response to a request from MarketWatch for confirmation of the latest layoffs.
Amazon.com Inc. AMZN conducted layoffs in Amazon Web Services and in its human-resources department, the company said in late April.
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