Key Points
As generative AI threatens millions of jobs, tech companies globally are now sacking employees even in the holiday season (they had spared workers in 2021 and 2022 festive seasons amid the global meltdown and started layoffs only in the first month of the New Year)...
Tech companies, including startups, around the world have fired more than 4.25 lakh employees in the last two years (till December 26, 2023), with more than 36,000 employees being sacked in India in the same time period...
Citing the global macroeconomic conditions, Big Tech firms and startups across the spectrum have sacked employees, and layoffs continue to happen...
According to the latest data from layoff.fyi, a website that tracks tech sector job cuts, 1,178 tech companies have laid off 2,60,771 employees this year globally (as of December 26)...
