Technology: As per the reports, it is found that more than 32,000 tech workers have been fired in the United States till July including the big Tech companies like Microsoft and Meta or formerly called Facebook but still, the worst has not been over yet for the tech sectors that has seen to be sold off the massive stock of the company.
According to the data compiled by Crunch base, more than 32,000 workers in the US tech sector have been fired in mass job cuts in the month of July. The company said they have included both startups and publicly traded companies that are mainly based in the US. Further, they also included companies based elsewhere that have a sizable team in the United States, such as Klarna.
The layoff of the tech sector including the ride-sharing platform Uber, Netflix, and several cryptocurrency exchanges and lending platforms. Robinhood, better, and Glossier, are just a few of the tech companies that have cut their headcount this year.
Since this year 2022, 1st April, more than 43,000 workers from 342 tech companies or startups have been fired across the world and over 13% are from India, according to the latest data compiled by the laysoff.fyi. a website that tracks the lays off.
In India, where more than 25,000 startup workers have lost their jobs since the pandemic and more than 11,500 have been fired this year, the half of the year. The layoffs in India are dominated by edtech or the education platforms like Unacademy- 1,150 employees, BYJU’S- 550 at Topper and Whitehat Jr and Vedantu – 624, along with ride-sharing platform Ola- nearly 500, healthcare startup MFine- 600 and pre-owned cars platform Cars24- 600, and among others.
The other Indian startups and unicorns that fired their employees are Meesho, MPL, Trell, and Blinkit which is now owned by Zomato, among others.