An average of 1,600 tech jobs have been cut every day of 2023 so far

An average of 1,600 tech jobs have been cut every day of 2023 so far

An average of 1,600 tech jobs have been cut every day of 2023 so far

  • On average, at least 1,600 tech workers have been laid off every day from 2023 so far, per Layoffs.fyi.
  • That’s when 91 tech companies around the world cut 24,151 jobs, just 15 days into 2023.
  • 1,023 tech companies laid off 154,256 workers in 2022, according to data aggregated by Layoffs.fyi.

Layoffs in the tech sector show no signs of slowing down – on average, around 1,600 workers have received the pink slip every day in 2023 so far, according to tracking site Layoffs.fyi.

That’s when 91 tech companies around the world have already laid off 24,151 workers in just 15 days in 2023, according to data aggregated by Layoffs.ai. This already represents around 15% of the 154,256 workers who were laid off by more than a thousand tech companies in 2022.

Amazon, Meta, and Salesforce top Layoffs.fyi’s list with approximately 18,000, 11,000, and 8,000 employees laid off, respectively, between November 2022 and January 2023.

The layoffs at Amazon primarily affected people in positions within the company, including those in the company’s Devices and Books businesses and the human resources department, Insider’s Samantha Delouya reported on January 5. Salesforce’s downsizing hit both Slack and MuleSoft business units.

The wave of layoffs – which began last year – came after tech companies hired and expanded aggressively during the pandemic. But they began making widespread layoffs at the end of 2022 as profits weakened across the board amid fears of a looming recession. This also spilled over into 2023.

Amazon and Salesforce announced the first week of the year that they were collectively cutting more than 25,000 jobs. Other tech companies that have cut staff include media company Vimeo and supply chain software company Flexport.

And it’s not just the tech sector that’s laying off staff.

Last week, banking giant Goldman Sachs began laying off 3,000 employees worldwide as trading slows. BlackRock, the world’s largest asset management company, is also cutting up to 500 jobs for the first time in four years.

Marc Benioff, CEO of Salesforce, attempted to explain the reason for his company’s downsizing in his memo to staff, saying, “As our revenue has accelerated during the pandemic, we’ve hired too many people leading to this economic downturn that we are currently facing, and I take responsibility for it.”

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