Tech Job Losses Hit Record in 2023; Larger Firms Spearhead 2.26 Lakh Layoffs

  • Tech industry layoffs skyrocket to 226k, marking a 40% rise from 2022.
  • Industry giants including Google, Meta, Amazon, and Microsoft affect largest job reductions due to economic uncertainty and revenue slump.
  • Over 405,000 tech jobs terminated since 2021, smaller firms also partake in the downsizing wave due to cost-cutting needs.
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