The wave of layoffs that saw three giant global tech companies lay off a total of 15,820 staff in less than two weeks has heightened the concerns for Nigerian tech companies.
These concerns are not unfounded, as more tech companies are still continuing to downsize, albeit quietly.
From Stripe to Twitter and then Meta, the tsunamis of layoffs have left many tech workers singing a dirge on various social media platforms for weeks now. And from all indications, those are just the beginning as more tech layoffs are projected to take place between now and Q1 2023.
Already, American retail giant, Amazon, has confirmed that it is also laying off about 10,000 of its staff and reports say the company has commenced the process with a memo to all its workers preparing them for the tsunami.
Worrying numbers: According to the startups’ layoffs tracking website, layoff.fyi, a total of 814 tech companies have laid off 128, 865 employees so far this year. Recall that Stripe, the American fintech giant had early this month announced 1,120 head cuts, representing 14% of its workforce.
