: More than 105,000 tech-sector employees have lost their jobs since the start of 2023

by | Feb 15, 2023 | Stock Market

More than 105,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has quadrupled since mid-January.

The data suggest that 2023 is firmly on pace to surpass 2022 for global tech redundancies, with 359 tech companies laying off 105,010 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi. Related: Twilio to lay off 17% of its employees to cut costs, while providing upbeat fourth-quarter guidance On Monday, communications-software company Twilio Inc.
disclosed that it will lay off about 17% of its workforce. Based on the company’s latest annual report, that would suggest that more than 1,300 employees will be laid off. Last week, Zoom Video Communications Inc. 
announced that it will lay off approximately 15% of its workforce, or around 1,300 people. EBay Inc.
also announced plans to cut about 4% of its staff, or some 500 employees, becoming the latest e-commerce player to announce layoffs. Dell Technologies Inc.
announced plans to cut approximately 5% of its workforce. Also read: Zoom’s stock jumps on news that company will lay off 15% of staff and cut executive pay At the end of January, PayPal Holdings Inc. 
announced 2,000 layoffs, or about 7% of its global workforce, and both International Business Machines Corp. 
and SAP
 also announced layoffs. Also in January, Google parent Alphabet Inc. 

confirmed plans to lay off about 12,000 workers globally, while Intel Corp. 
said it was slashing hundreds of jobs in Silicon Valley. Microsoft Corp.
also confirmed plans to cut about 10,000 positions. Earlier reports from Sky News and Bloomberg had indicated that the software maker was preparing to make cuts. Now read: Zoom and eBay join Dell, Okta, Spotify, Google, Intel, Microsoft, Amazon and other tech companies making la …

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