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Monday, May 27, 2024

Tech Companies Sacked 55,970 In 2022

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The global technology sector has laid off 55,970 workers in the first 20 days of 2023, according to an analysis of datas sourced from layoffs.

This is an indication that the tech sector is picking up from where it left off last year when it laid off 158,951 workers.

Already, the number of layoffs in the sector in 2023 is 35.21 per cent of the total amount of layoffs in 2022.

In 2022, Meta’s 11,000 layoffs was the largest in the sector. Amazon and Twitter also formed part of the companies that let workers go in 2022.

In 2023, Google is leading the way with 12,000 intended layoffs. Microsoft has also announced plans to sack 10,000 workers in the coming months of 2023.

In a mail to its workers, Google blamed the present economic situation for the layoffs.

Alphabet Chief Executive Officer, Sundar Pichai, said in an email to employees, “I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 roles.

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“We’ve already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices.

“This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with. I’m deeply sorry for that. The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsibility for the decisions that led us here.

“Over the past two years, we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today.

“I am confident about the huge opportunity in front of us, thanks to the strength of our mission, the value of our products and services, and our early investments in AI. To fully capture it, we’ll need to make tough choices. So, we’ve undertaken a rigorous review across product areas and functions to ensure that our people and roles are aligned with our highest priorities as a company.

READ ALSO: Tech Winter :Spotify To Cut 6% Of Its Workforce

“The roles we’re eliminating reflect the outcome of that review. They cut across Alphabet, product areas, functions, levels and regions.”

Alphabet has a workforce of about 187,000 workers worldwide as of September 2022, and its recent cuts will affect about six per cent of its total workforce.

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Photo Credit: Getty 

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