The Tech Layoffs Of 2022 And 2023: Unveiling The Realities | Authored by Mr. Rounak Malhotra
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According to TrueUp, which tracks layoffs in the tech industry, over 230,000 employees have been laid off from 1,000 tech companies worldwide. This has created uncertainty in the minds of many people who see it as an indicator of a recession. Blaming everything on the recession these days is like jumping on the bandwagon. Major tech companies like Amazon, Meta, Twitter and Alibaba laid off a significant number of employees in 2022, and this trend from 2022 has continued into the first month of 2023 and is likely to continue further. So this will not end anytime soon but could be just the beginning. Even Salesforce, SAP, Dell and Disney have already planned to reduce their workforce.
But Can We Call This a Recession?
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