Tech layoffs surpass Great Recession levels, could get worse in early 2023

iamazadkhan
2 min readDec 17, 2022
Tech layoffs surpass Great Recession levels, could get worse in early 2023

Tech layoffs surpass Great Recession levels, could get worse in early 2023Tech layoffs surpass Great Recession levels, could get worse in early 2023.

Have a look on the story for all details.The massive layoffs by tech companies this year alone have surpassed the levels from the Great Recession the world went through 2008–2009 that began with the Lehman Brothers collapse.In 2008, tech companies laid off about 65,000 employees, and a similar number of workers lost their livelihoods in 2009,…..according to data by global outplacement and career transitioning firm global outplacement & career transitioning firm Challenger, Gray & Christmas.By comparison, 965 tech companies have laid off more than 150,000 employees this year globally, surpassing the Great Recession levels of 2008–2009.Led by companies like Meta, Amazon, Twitter, Microsoft, Salesforce and others, the tech layoffs are set to worsen early next year amid ongoing global macroeconomic conditions.Led by companies like Meta, Amazon, Twitter, Microsoft, Salesforce and others,……………the tech layoffs are set to worsen early next year amid ongoing global macroeconomic conditions.Led by companies like Meta, Amazon, Twitter, Microsoft, Salesforce and others, the tech layoffs are set to worsen early next year amid ongoing global macroeconomic conditions.According to a MarketWatch report, layoffs are part of a strategy by tech firms to maintain viability through 2023 and beyond.Data from layoffs.fyi, a crowdsourced database of tech layoffs, showed that 1,495 tech companies have sacked 246,267 employees since the onset of Covid-19ArrowLearn more

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