{"id":986,"date":"2023-10-24T06:37:00","date_gmt":"2023-10-24T06:37:00","guid":{"rendered":"https:\/\/worldculturepictorial.com\/wcp-blog\/?p=986"},"modified":"2023-11-05T02:47:08","modified_gmt":"2023-11-05T02:47:08","slug":"tech-layoffs-near-250k-2023-october-vs-165k-2022","status":"publish","type":"post","link":"https:\/\/worldculturepictorial.com\/wcp-blog\/tech-layoffs-near-250k-2023-october-vs-165k-2022\/","title":{"rendered":"Tech layoffs close to 1\/4 million as of October 2023 vs. 165k in 2022: Google, Amazon, Microsoft, Yahoo, Meta, Zoom\u2026"},"content":{"rendered":"
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(quote)

\n\nLast year\u2019s techwide reckoning continues. The tech industry has seen more than 240,000 jobs lost in 2023, a total that\u2019s already 50% higher than last year and growing.<\/a> Earlier this year, mass workforce reductions were driven by the biggest names in tech like Google, Amazon, Microsoft, Yahoo, Meta and Zoom. Startups across many sectors also announced cutbacks through the first half of the year. And while tech layoffs slowed down in the summer and fall, it appears that cuts are ramping up yet again.

\n\nTracking these layoffs helps us to understand the impact on innovation, which companies are facing tough pressures and who is available to hire for the businesses lucky to be growing right now. Unfortunately, it also serves as a reminder of the deeply human impact of layoffs and how risk profiles could evolve from here.

\n\nForget ‘Quiet Quitting,’ 2023 Will Be All About ‘Loud Layoffs’<\/a>
\nMost Americans are not looking to change job this year, exclusive polling for Newsweek reveals
\nTech companies such as Amazon, Meta and Twitter have announced deep cuts to their workforce following increased hiring in the pandemic
\nThe threat of recession is fueling anxiety for both workers and businesses

\n\nMass layoffs in the tech sector, which began in 2022, are continuing this year, with Microsoft announcing earlier this month that it will let go of 10,000 employees in an effort to reduce costs. “No one can defy gravity and gravity here is inflation-adjusted economic growth,” Microsoft CEO Satya Nadella said in a livestreamed discussion at the World Economic Forum (WEF) in Davos last week when announcing the layoffs.

\n\n(unquote)

\n\nImage courtesy Getty \/ Newsweek<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(quote) Last year\u2019s techwide reckoning continues. The tech industry has seen more than 240,000 jobs lost in 2023, a total that\u2019s already 50% higher than last year and growing. Earlier this year, mass workforce reductions were driven by the biggest names in tech like Google, Amazon, Microsoft, Yahoo, Meta andRead More →<\/a><\/span><\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[5,8,11,12],"tags":[21,22,36,26,27,25,18,35,52,41,32],"class_list":["entry","author-wcp-watchful-eye","post-986","post","type-post","status-publish","format-standard","category-figures-and-facts","category-life-nature-society","category-science-and-technology","category-us-and-world","tag-business","tag-economy","tag-events","tag-facts","tag-figures","tag-history","tag-life","tag-news","tag-people","tag-society","tag-technology"],"_links":{"self":[{"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/posts\/986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/comments?post=986"}],"version-history":[{"count":0,"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/posts\/986\/revisions"}],"wp:attachment":[{"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/media?parent=986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/categories?post=986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldculturepictorial.com\/wcp-blog\/wp-json\/wp\/v2\/tags?post=986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}