More than 216,000 workers in the technology industry worldwide have lost their jobs since the beginning of 2023, a study by Layoffs.fyi shows.
At the same time, the number of people laid off has increased more than eightfold since mid-January, MarketWatch notes.
The data suggest that the number of layoffs in the tech sector at the end of 2023 will be significantly higher than last year. For example, since the beginning of this year, 837 tech companies have laid off 216,328,000 people. Last year, 1,024,000 companies laid off 154,34,000 employees, according to Layoffs.fyi.
That included Niantic Inc. last week, creator of the popular game Pokemon Go, announcing 230 layoffs, and in late June, trading platform Robinhood Markets announced 150 job cuts.
Tech companies announcing layoffs this year include U.S. Amazon.com Inc., Electronic Arts, Roku Inc., Palantir Technologies, Twilio Inc., DocuSign Inc., Salesforce Inc., Zoom Video Communications, eBay, Dell Technologies, PayPal Holdings, International Business Machines, Intel Corp., Microsoft Corp., Alphabet Inc. as well as Germany’s SAP and Sweden’s Spotify Technology.
