Home BUSINESS Technology Redundancies: 154 Tech Companies Sack Over 55,000 Workers This January

Redundancies: 154 Tech Companies Sack Over 55,000 Workers This January

No fewer than 154 global technology companies have sacked over 55,000 workers within this January 2023 as a result of redundancies in the sector.

According to data compiled by an online expert, Layoffs.fyi website, the global tech layoffs has almost doubled from just over 25,000, showing that the data suggest 2023 is on pace to surpass 2022 for global tech redundancies.

It said that the 154 tech companies laying off 55,324 employees in the first few weeks of  2023 surpassed the last year where 1,024 tech companies laid off 154,336 employees.

Layoffs.fyi was set up by San Francisco-based startup founder Roger Lee to track layoffs during the COVID-19 pandemic. Lee is the co-founder of Human Interest, a digital 401(k) provider for small businesses and Comprehensive, an employee compensation platform.

Major U.S. tech companies are firmly in the layoffs spotlight.

This week, Google parent, Alphabet Inc. confirmed plans to lay off about 12,000 workers globally and Intel Corp. said it is slashing hundreds of jobs in Silicon Valley.

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Source: MarketWatch

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