Over 80K tech employees lost jobs since January 2024

More than 80,000 employees in the technology sector have lost jobs in the first four months this year.
Figures from layoff.fyi, a portal that tracks tech sector job cuts, shows 279 tech companies have sacked 80,230 employees till May 3.
Tech companies worldwide laid off more than 425,000 employees in 2022 and 2023, due to global slowdown.
In India, ride-hailing platform Ola Cabs has started a restructuring process that will impact at least 10 per cent of its workforce.