More than 227,000 employees in the global technology sector have been laid off since the beginning of 2023, according to data compiled by Layoffs.fyi. This staggering figure clearly demonstrates that the year 2023 has exceeded 2022 in terms of tech redundancies. Over the course of this year, 949 tech companies have let go of 227,241 employees. In comparison, last year saw 1,024 tech companies laying off a total of 154,336 employees.
Software giant Microsoft Corp. (MSFT) recently announced additional job cuts, adding to the 10,000 previously announced cuts earlier this year. The latest round of cuts, as reported by GeekWire, is focused on employees in customer service, support, and sales. A total of 276 workers in the Seattle area are expected to lose their jobs according to a filing with Washington state’s Employment Security Department.
In response to these developments, a Microsoft spokesperson explained that organizational and workforce adjustments are a necessary part of managing their business. They also emphasized their commitment to prioritize and invest in strategic growth areas for the future while continuing to support their customers and partners.
In a separate instance, Niantic Inc., the company behind the popular “Pokemon Go” game, announced 230 layoffs in June.
Overall, the tech industry is experiencing a significant wave of layoffs, reflecting ongoing changes and challenges faced by numerous companies in the sector.
Tech Companies Experience Job Cuts in 2023
Overall, the tech industry witnessed significant shifts and realignment in its job market during this year. While challenging for the professionals directly affected, these measures were deemed necessary for companies to adapt to evolving market conditions and stay competitive.