IT layoffs 2023: Around 3000 employees are being fired every day in January by tech giants

New Delhi: Around 3,000 tech workers were laid off on average every day in January around the world, including in India, as big tech companies such as Microsoft and Google join the ongoing furlough season. Layoffs are becoming more frequent as fears of a global recession grow. 166 IT companies have laid off more than 65,000 workers so far.

Google’s parent company, Alphabet, has announced that it will lay off 12,000 people, about 6% of its workforce. According to Microsoft chairman and CEO Satya Nadella, who announced last week, the business will “change all employees by the end of the third quarter of fiscal year 2023 (third quarter), which will result in him cutting 10,000 jobs. We are planning to do (Also read: CEO Sundar Pichai reveals the reasons behind Google’s layoffs.Read more inside)

Earlier this year, Amazon announced it would lay off 18,000 employees worldwide, including about 1,000 in India. In 2022, he will have laid off 154,336 employees from more than 1,000 organizations, according to data from the layoff monitoring website (Also Read: Union Budget 2023: From tax cuts to job creation, 5 key expectations from the upcoming budget)

Massive tech layoffs for 2022 are still continuing into the new year, with Indian startups and corporations also among the top employers of layoffs.

(With input from IANS)