According to data from the Layoffs. FYI website, more than 210,000 employees have been laid off in the global tech industry since 2023. This number far exceeds the 154,000 in 2022, and only six months have passed this year.
According to the data, 798 technology companies have made layoffs this year, The layoffs of some of these well-known companies. For example, stock trading app Robinhood has laid off about 7% of its full-time workforce, or about 150 people; Oracle has made massive cuts in its health division and canceled some hiring and recruiting; music streaming platform Spotify plans to cut about 200 people or 2% of the company’s workforce; and Barron’s reported last month, citing people familiar with the matter, that Chinese e-commerce giant Facebook’s parent company Meta platform has already made three rounds of layoffs this year, cutting a total of 21,000 jobs this year in what CEO Mark Zuckerberg called the company’s “year of efficiency.
In addition, Microsoft’s Collage has announced it will cut more than 700 employees and shutter its local job app in China; Amazon has cut jobs in its Amazon Web Services and human resources departments; video game publisher EA plans to cut 6 percent of its workforce to reduce costs; and streaming company Roku has revealed it will lay off 200 employees as a cost-saving plan. Since Elon Musk took over Twitter last year, the San Francisco-based company has also made significant layoffs. Musk called the layoff of nearly 6,500 people, or 80 percent of the company’s workforce, “painful” and “one of the hardest things I’ve ever done.
According to analysis, the massive layoffs in the global technology industry are related to the new crown epidemic, market competition, cost pressure, business restructuring and other factors. For the laid-off tech talent, finding new employment opportunities is a challenge. And for tech companies, it is also a challenge to stay competitive and innovative.
