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Global Layoffs 2023: The period of financial crisis is being clearly seen all over the world. Many big tech companies (Tech Company Layoffs) had started laying off their employees from the month of November last year itself. Companies have already started reducing their expenses. This trend is likely to continue in the new year 2023 as well. So far in the month of January 2023, about 68 thousand employees from all over the world have been thrown out of their jobs. This thing has been revealed in a report. Know what information is coming out in this report.
219 tech firms fired 68 thousand employees
In 2023, some big names like Microsoft and Google are also included in this list. Globally, on an average, more than 3,400 technical workers were laid off every day in the month of January. The site Layoffs.fyi, which monitors the removal of employees, has shared its statistics. According to these figures, so far in January, 219 companies have laid off more than 68,000 employees. In the year 2022, more than 1,000 companies have laid off 154,336 employees.
impact of global economic downturn
The incidence of dismissals has increased amid fears of a global economic recession. In the year 2022, layoffs started from tech companies on a large scale, which has been seen in the new year. According to media reports, the phase of firing employees is expected to continue this year. In 2023, most business economists have predicted that their companies may cut payrolls in the coming time.
There will be a decline in jobs
As per reports, Julia Coronado, President of the National Association for Business Economics (NABE) says that, year 2023 is about to enter recession. This is a matter of widespread concern. Nearly 3,000 tech workers were laid off on an average every day in January globally, including in India, with more big tech companies like Microsoft and Google joining the ongoing layoff season. Which is very serious.
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