Tech Industry Experiences Over 240,000 Job Losses in 2023, Major Companies Contribute to Mass Layoffs
The tech industry has seen a significant increase in job losses in 2023, with over 240,000 jobs lost, a 50% increase from the previous year. Major tech companies such as Google, Amazon, Microsoft, Yahoo, Meta, and Zoom have contributed to the workforce reductions. The reasons for the layoffs vary, with some companies citing cost-cutting measures, fierce competition, or restructuring efforts. The number of employees affected by each layoff varies, with some companies cutting up to 50% of their workforce. A comprehensive list of all known tech layoffs in 2023 is available and will be updated monthly.
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