1.27 lakh employees fired since Jan 2023

More than 1.27 lakh employees lost their jobs globally since January 2023 till February 12.

Major companies which commenced layoffs this month include Yahoo, BYJU’s, GoDaddy, GitHub, eBay, Autodesk, OLX Group and others.

In 2023 so far, around 340 companies have laid off more than 1.10 lakh employees worldwide, and there appears to be no respite from job cuts.

Major companies which commenced layoffs this month include Yahoo, BYJU’s, GoDaddy, GitHub, eBay, Autodesk, OLX Group and others.

More than 17,400 employees in the tech industry have lost jobs in February globally to date, with many workers in India receiving pink slips.

In January, about 1 lakh employees lost jobs globally, according to layoff.fyi, a website that tracks job cuts globally.

In 2022, over 1,000 companies laid off 154,336 workers, as per the data by layoffs tracking site Layoffs.fyi. So far, more than 2.5 lakh tech employees have lost jobs.