Globally, over 17,000 tech workers lost their jobs in February. more than 17 thousand tech workers lost their jobs globally in February 2023

Job Crisis in Private Sector: More than 17,400 employees in the tech industry lost their jobs in the month of February globally. In India too many employees have been fired. So far in 2023, around 340 companies across the world have laid off more than 1.10 lakh employees.

Major companies that started layoffs this month include Yahoo, Byju’s, GoDaddy, GitHub, eBay, Auto Desk, OLX Group and others. According to the website of Layoff.FYI, close to 1 lakh people lost their jobs globally in the month of January.

In January alone, on an average, more than 3,300 tech workers were laid off by more than 288 companies worldwide every day. More job cuts are likely in the coming days amid fears of a recession. After laying off 11,000 employees in November last year, Meta (formerly Facebook) is reportedly planning to further reduce its workforce.

Aviation company Boeing is reducing 2,000 jobs in the finance and HR vertical this year and the company outsourced one-third of these jobs to Tata Consulting Services (TCS) in Bengaluru. In 2022, more than 1,000 companies had laid off 1,54,336 employees. So far, more than two and a half lakh tech workers have lost their jobs.

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