Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than 36,000 employees being sacked in India in the same time frame. In just two weeks into the New Year, at least 46 IT and tech companies (including startups) have laid off more than 7,500 employees and the number is growing by the day, as generative AI (GenAI) threatens millions of jobs. According to the latest data from layoff.fyi, a website that tracks tech sector job cuts, 46 tech companies laid off 7,528 employees (till January 14). Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than 36,000 employees being sacked in India in the same time frame. Online rental platform Frontdesk became the first tech startup to lay off employees in 2024 — its entire 200-person workforce — during a “two-minute Google Meet call”.

Source: dna January 15, 2024 09:06 UTC