Tech Industry Laying Off 1,600 Per Day in 2023

Tech companies are experiencing a pendulum swing.

The tech industry has seen an average of 1,600 workers laid off daily thus far in 2023.

According to Layoffs.fyi, 91 tech companies have laid off 24,151 in the first 15 days of the year. 

READ MORE: Amazon, Salesforce Cut Jobs in Latest Tech Worker Purge 

Business Insider reported the affected amount is approximately 15% of the 154,256 tech workers who lost their jobs last year. 

The layoffs come as tech companies experience a pendulum swing that follows pandemic-driven demand for their products and services. 

Amazon, Meta and Salesforce lead the list with 18,000, 11,000 and 8,000 layoffs, respectively, from November 2022 to January 2023. 

Amazon’s job cuts mainly affected corporate positions. 

Meta’s layoffs included Reality Labs, the division that features metaverse projects, and Salesforce’s targeted its MuleSoft and Slack units. 

Other affected companies include Alphabet's healthcare unit Verily and supply chain software firm Flexport. 

Latest in Video
More in Video