Recently, according to Alphabet’s rival Microsoft Corp., the company may cut 5 percent of its workforce (about 11,000) this week. News of massive layoffs at Microsoft and Alphabet has sent shockwaves through the tech sector.
The year 2023 is off to a bad start for employees of tech companies. In the first 15 days of the year, 91 companies have laid off more than 24,000 technical employees. At the same time, there are signs that more serious situation will arise in the future. About 24,151 tech workers at Amazon, Salesforce, Coinbase and other websites have lost their jobs, according to a layoff tracking website.
In India, companies like Ola laid off 200 employees in January and voice automated startup Skit.ai was in the news in January. In December last year, they saw more than 17,000 tech workers out.