Tech layoffs have gone up more than eightfold since mid-January, according to Layoffs.fyi.
More than 212,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.The data show that 2023 has easily surpassed 2022 for global tech redundancies, with 824 tech companies laying... More than 212,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.
Earlier in the month Insider reported that Oracle Corp. ORCL had laid off hundreds of employees, cut back open positions and rescinded job offers at its health unit. MarketWatch has reached out to Oracle with a request for comment on this story.And in early June, Spotify Technology SA SPOT announced plans to lay off approximately 200 people, or 2% of the company’s workforce.
Facebook parent Meta Platforms Inc. META also had its latest round of layoffs in late May, according to reports, marking the tech giant’s third round of cuts this year. Meta declined to comment in response to a request from MarketWatch for confirmation of the latest layoffs. The company’s second round of layoffs in April cut technical positions, according to LinkedIn posts.
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