The global technology industry laid off more than 168,000 jobs in the first quarter, surpassing the sum of last year (Reuters file photo)

[Financial Channel/Comprehensive Report] The wave of layoffs in the technology industry continues to spread. According to statistics, in the first quarter of this year, the global technology industry laid off more than 168,582 people, surpassing the total of 164,411 last year; according to data, the layoff storm is spreading outside the technology industry field spread.

The Nikkei Chinese website reported that the U.S. employment information website "Layoffs.fyi" has counted the number of layoffs of global technology companies based on U.S. media reports. It is also twice the number of layoffs initiated by the technology industry in the fourth quarter of last year (84,186 people).

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The layoffs of large technology companies began when Meta announced in November 2022 that it would lay off 11,000 people. After entering January 2023, GOOGLE announced that it would lay off 12,000 people. Microsoft and Amazon also decided to lay off 10,000 and 10,000 employees respectively. 8000 people.

Big tech companies previously believed the digital economy would continue to expand even amid the coronavirus pandemic and maintained ambitious hiring strategies.

However, starting to raise interest rates in the spring of 2022 in the United States has led to concerns about economic slowdown, and the trend of companies and individuals reducing IT spending has increased, and companies are forced to adjust their development strategies.

After entering March 2023, Meta and Amazon announced another 10,000 and 9,000 layoffs, respectively, and the trend of employment adjustments continues.

In the United States, layoffs are spreading to areas other than the technology industry. According to data released by the American research firm Challenger Gray & Christmas on April 6, the number of layoffs in American companies and government agencies in the first quarter of 2023 will reach 270,416, an increase 4.9 times that of the same period last year.

This is the first time since the fourth quarter of 2020 that the number of quarterly layoffs has exceeded 200,000.

From the perspective of industry, technology companies accounted for 38% of the total, finance accounted for 11%, and retail accounted for 8%.

Challenger Gray & Christmas said in the report: "The U.S. economy is still creating jobs," but also pointed out that due to reasons such as rising interest rates, "large-scale layoffs may continue."

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