More than 168,000 tech-sector employees have lost their jobs since the start of 2023
By James Rogers
2023 has surpassed 2022 for global tech redundancies
More than 168,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.
The website's tally of 2023 global tech layoffs has gone up more than sixfold since mid-January.
The data show that 2023 has surpassed 2022 for global tech redundancies, with 561 tech companies laying off 168,203 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.
Related:Electronic Arts becomes latest tech-sector company to announce layoffs
At the end of March, Electronic Arts Inc. (EA)announced its intention to slash 6% of its workforce as the videogame publisher looks to cut costs. Streaming-media company Roku Inc. (ROKU) also disclosed that it would lay off 200 employees as part of a cost-cutting plan.
A host of tech companies, including Amazon.com Inc. (AMZN), Palantir Technologies Inc. (PLTR), Twilio Inc. (TWLO), DocuSign Inc. (DOCU), Salesforce Inc. (CRM), SAP (SAP.XE), Zoom Video Communications Inc. (ZM), eBay Inc. (EBAY), Dell Technologies Inc. (DELL), PayPal Holdings Inc. (PYPL), International Business Machines Corp. (IBM), Intel Corp. (INTC), Microsoft Corp. (MSFT), Spotify Technology (SPOT) and Google parent Alphabet Inc. (GOOGL)(GOOGL) have announced job cuts in 2023.
-James Rogers
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
04-06-23 1106ET
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