For the best experience, open
https://m.greaterkashmir.com
on your mobile browser.

Over 80,000 tech employees lost jobs globally in first four months this year in 279 firms: Report

Google also laid off about 200 employees from its core teams in a reorganisation move, according to reports
12:43 PM May 04, 2024 IST | IANS
over 80 000 tech employees lost jobs globally in first four months this year in 279 firms  report
Over 80,000 tech employees lost jobs globally in first four months this year in 279 firms: Report --- Representational Photo
Advertisement

New Delhi, May 04: More than 80,000 employees in the technology sector have lost jobs in the first four months this year, and layoffs continue to haunt the overall startup ecosystem globally.

Advertisement
   

Latest figures from layoff.fyi, a portal that tracks tech sector job cuts, 279 tech companies have sacked 80,230 employees to date (till May 3).

Advertisement

In 2022 and 2023, tech companies worldwide laid off more than 425,000 employees, as global slowdown hit the IT/Tech and the startup ecosystem.

Advertisement

In a latest job cut, US customer experience management platform Sprinklr sacked about 116 employees.

Advertisement

Exercise equipment and fitness company Peloton this week announced to lay off 15 per cent of its workforce (about 400 employees).

Advertisement

Google also laid off about 200 employees from its core teams in a reorganisation move, according to reports.

Advertisement

In fresh job cuts, Elon Musk-run Tesla laid off hundreds of employees, weeks after reducing 10 per cent (or 14,000 people) from its global workforce.

Advertisement

The tech billionaire disbanded the entire Tesla charging team in the new layoff round.

In India, ride-hailing platform Ola Cabs has started a restructuring process that will impact at least 10 per cent of its workforce.

Advertisement
×