PUNCH
More tech workers were laid off in the first quarter of 2023 than in the whole of 2022.
According to data from Layoffs.fyi,165,622 tech workers had been laid off in 2023, compared to 164,411 tech workers who were sacked
The rise in layoffs of tech workers has been linked to the global economic downturn that has affected investors and businesses.
A breakdown of the data suggests that dire days in the tech sector might not be over soon.
The data revealed an increase in the severity of layoffs with 1,053 tech firms laying off 164,411 workers in 2022, and only 551 tech firms (about half of 2022’s figure) laying off 165,622 workers in Q1, 2023.
Global tech firms like Google, Amazon, Meta, and Microsoft have not been isolated from market realities and have been sacking workers across various markets and departments in large numbers.
Layoffs on the continent have not been pronounced, and many startups laying off staff have been avoiding media attention.
