[ad_1]
New Delhi: As more and more companies across the spectrum sack employees amid the global meltdown, at least 853 tech companies worldwide have laid off about 137,492 employees to date, and the tally is only going north amid recession fears.
According to data from layoffs.fyi, a crowdsourced database of tech layoffs, 1,388 tech companies have fired a total of 233,483 employees since the onset of Covid-19, but 2022 has been the worst for the tech sector.
As of mid-November, more than 73,000 workers in the US tech sector have been laid off in mass-level job cuts led by companies like Meta, Twitter, Salesforce, Netflix, Cisco, Roku, and others.
Robinhood, Glossier, and Better are just a few of the tech companies that have notably trimmed their headcount in 2022, according to Crunchbase.
Big Tech companies like Amazon and PC and printer major HP Inc have joined the global layoff season, and were set to lay off more than 10,000 and up to 6,000 employees in days to come, respectively.
Amazon CEO Andy Jassy has warned employees that there will be more layoffs at the company in early 2023 “as leaders continue to make adjustments”.
The massive job cuts have hit several divisions, especially the Alexa virtual assistant business that reportedly set to lose $10 billion this year as the voice assistant never managed to create an ongoing revenue stream.
Alphabet, Google’s parent company, is reportedly gearing up to lay off about 10,000 “poor performing” employees, or 6 per cent of its workforce.
According to a report in The Information, Google plans to ease out 10,000 employees through a new ranking and performance improvement plan.
In India, nearly 16,000 employees have been asked to go by about 44 startups, led by edtech companies like BYJU’S, Unacademy, and Vedantu, as VC funding dried up.
Other tech startups and unicorns that have laid off employees in India include Ola, Cars24, Meesho, LEAD, MPL, Innovaccer, Udaan and more.
Meanwhile, thousands of contractual employees have also been let go, making 2022 the harshest year for workers in the technology sector.
The startup ecosystem’s funding winter could last another 12 to 18 months and the industry may face “a lot of turmoil and volatility”, Flipkart CEO Kalyan Krishnamurthy has warned.
Indian startups are going through steep hiring cuts and hiring of permanent employees has dipped by a significant 61 per cent in the last 12 months,Aaccording to the annual insights report by RazorpayX Payroll, the business banking platform of Razorpay.
Only two startups in India, Shiprocket and OneCard, attained the unicorn status (valuation $1 billion and above) in the July-September period, according to a latest PwC India report.
[ad_2]
Source link
I really like your blog.. very nice colors & theme. Did you create this website yourself or did you hire
someone to do it for you? Plz respond as I’m looking to
create my own blog and would like to find out where u
got this from. appreciate it
casino en ligne France
hello there and thank you for your information – I have definitely picked up something new
from right here. I did however expertise a few technical issues using this site, since
I experienced to reload the website many times previous to I could get it to load properly.
I had been wondering if your hosting is OK?
Not that I am complaining, but sluggish loading
instances times will very frequently affect your placement in google and can damage your high-quality score if ads and marketing with Adwords.
Anyway I am adding this RSS to my email and could look out for much more of your respective fascinating content.
Ensure that you update this again soon.
casino en ligne
I’m gone to say to my little brother, that he should also
pay a quick visit this web site on regular basis to get updated from most
up-to-date news.
casino en ligne
That is a really good tip particularly to those fresh to the
blogosphere. Simple but very precise info… Many thanks for sharing this one.
A must read article!
casino en ligne francais
What a data of un-ambiguity and preserveness of precious knowledge about unexpected emotions.
casino en ligne
I have been surfing on-line more than 3 hours these days, but I by no means found any attention-grabbing article like yours.
It is beautiful worth sufficient for me. In my view, if all website owners and bloggers
made good content material as you did, the internet will probably be
much more helpful than ever before.
casino en ligne France
Attractive section of content. I just stumbled upon your web site and in accession capital to assert that I get actually enjoyed account your blog posts.
Any way I will be subscribing to your feeds and even I achievement you
access consistently rapidly.
meilleur casino en ligne
It’s really a cool and helpful piece of info. I am glad that you just shared
this helpful information with us. Please keep us informed like this.
Thanks for sharing.
casino en ligne
You are so interesting! I do not believe I’ve read a single
thing like that before. So wonderful to discover another person with genuine thoughts on this issue.
Really.. many thanks for starting this up. This web site is something that’s needed on the web, someone with some
originality!
casino en ligne France
You could certainly see your skills within the article you write.
The sector hopes for more passionate writers such as you who are not afraid to
mention how they believe. Always go after your heart.
casino en ligne