Uncertainity mounts as 853 tech corporations lay off over 137,492 employees globally
Layoffs : tech Firms from Amazon to Meta unleash bloody November, 1000’s lose jobs in layoff spree
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As increasingly firms throughout the spectrum sack staff amid the worldwide meltdown, a minimum of 853 tech firms worldwide have laid off about 137,492 staff to this point, and the tally is barely going north amid recession fears.
Robinhood, Glossier, and Higher are only a few of the tech firms which have notably trimmed their headcount in 2022, in accordance with Crunchbase.
Amazon CEO Andy Jassy has warned staff that there can be extra layoffs on the firm in early 2023 “as leaders continue to make adjustments”.
In response to a report in The Info, Google plans to ease out 10,000 staff by a brand new rating and efficiency enchancment plan.
In India, almost 16,000 staff have been requested to go by about 44 startups, led by edtech firms like BYJU’S, Unacademy, and Vedantu, as VC funding dried up.
Different tech startups and unicorns which have laid off staff in India embody Ola, Cars24, Meesho, LEAD, MPL, Innovaccer, Udaan and extra.
In the meantime, 1000’s of contractual staff have additionally been let go, making 2022 the harshest 12 months for employees within the know-how sector.
Indian startups are going by steep hiring cuts and hiring of everlasting staff has dipped by a major 61 per cent within the final 12 months,Aaccording to the annual insights report by RazorpayX Payroll, the business banking platform of Razorpay.
Solely two startups in India, Shiprocket and OneCard, attained the unicorn standing (valuation $1 billion and above) within the July-September interval, in accordance with a modern PwC India report.