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: More than 95,000 tech-sector employees have lost their jobs since the start of 2023

2023 is on pace to surpass 2022 for global tech redundancies, according to data tracker Layoffs.fyi Read More...

More than 95,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.

The website’s tally of global tech layoffs this year has more than tripled since mid-January.

The data suggests that 2023 is firmly on pace to surpass 2022 for global tech redundancies, with 308 tech companies laying off 95,508 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.

Also read: Dell to cut staff by 5% as ‘conditions continue to erode’

Layoffs.fyi was set up by San Francisco–based startup founder Roger Lee to track job cuts during the COVID-19 pandemic. Lee is the co-founder of Human Interest, a digital 401(k) provider for small businesses, and Comprehensive, an employee-compensation platform.

This week Dell Technologies Inc. DELL, -3.03% joined the growing list of tech companies making layoffs when it announced plans to cut approximately 5% of its workforce. PayPal Holdings Inc.  PYPL, -3.73% recently announced 2,000 layoffs, or about 7% of its global workforce, and both International Business Machines Corp.  IBM, -0.55% and SAP SAP, -0.75% also announced layoffs. In January, Google parent Alphabet Inc.  GOOGL, -1.79% GOOG, -1.66% confirmed plans to lay off about 12,000 workers globally, while Intel Corp.  INTC, -4.22% said it was slashing hundreds of jobs in Silicon Valley.

Microsoft Corp. MSFT, -0.61% also confirmed plans to cut about 10,000 positions. Earlier reports from Sky News and Bloomberg had indicated that the software maker was preparing to make cuts.

Now read: Okta joins Splunk, PayPal, IBM, SAP, Spotify, Google, Intel, Microsoft, Amazon and other tech companies making layoffs

Spotify Technology SPOT, +1.44% has also joined the list of companies making layoffs this year. In a filing with the Securities and Exchange Commission, the streaming service said it was reducing its workforce by about 6%, which translates to about 588 jobs.

And earlier in January, Coinbase Global Inc. COIN, -0.05%  announced it would eliminate 950 jobs in an effort to cut costs.

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