TIWN
San Francisco/New Delhi, Aug 1 (TIWN) More than 32,000 tech workers have been laid off in the US till July this year, including at Big Tech companies like Microsoft and Meta (formerly Facebook) and the worst has not been over yet for the tech sector that has seen massive stock sell-off.
According to the data compiled by Crunchbase, more than 32,000 workers in the US tech sector have been laid off in mass job cuts, as of late July. "We've included both startups and publicly traded companies that are based in the US. We've also included companies based elsewhere that have a sizable team in the United States, such as Klarna," the analysis said. The layoff includes ride-sharing platform Uber, Netflix and several cryptocurrency exchanges and lending platforms. Robinhood, Glossier and Better are just a few of the tech companies that have trimmed their headcount this year. Since April 1 this year, more than 43,000 workers from 342 tech companies/startups have been laid off across the world and over 13 per cent are from India, according to latest data compiled by layoffs.fyi, a website that tracks layoffs in startups.
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