Amazon deepens tech gloom as 503 firms lay off 1.5 lakh employees
As Amazon deepened the tech gloom with firing another 9,000 employees (it previously sacked 18,000), over 500 companies have laid off nearly 1.5 lakh workers to date this year. According to latest data from layoff.fyi, a website that is tracking tech sector job cuts, 503 tech companies have laid off 148,165 employees to date. After a dismal year for tech companies and startups in 2022 which saw at least 1.6 lakh employees being shown the door, 2023 started on a similar note.