This article sponsored by MARS International
By Andy Slawetsky – The job market has seen better days. This year kicked off with a flurry of layoffs, affecting more than 121,000 employees since January. The dreaded economic slowdown has companies reevaluating their budgets and cutting back on staff. In January alone, 84,714 employees got the axe, while February saw 36,491 job losses.
Let’s take a look at some of the big names that made significant cuts. Alphabet gave 12,000 people the boot, Microsoft cut 10,000 jobs, and Amazon waved goodbye to 18,000 employees in January followed by another 9,000 in March. Meta, Twitter, Zoom, Spotify, Accenture, McKinsey, and IBM also joined the fray with large-scale layoffs.
But the job losses don’t stop there. Numerous other companies like Roku, Unacademy, Lucid, GitHub, Disney, Salesforce, and Indeed have continued the trend in March, leaving thousands more without jobs. The tech industry’s rollercoaster ride is hitting many employees hard, and the future seems uncertain for many.
With a running total of 121,205 tech layoffs so far this year, the situation looks pretty bleak. As companies continue to adjust to the evolving economic landscape, employees are left to pick up the pieces and adapt. It’s a tough time for the tech world, but let’s hope for better days ahead.
SOURCE Industry Analysts Inc.
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