First 82 days of 2023 see more layoffs than the entire 2022

Mar 24, 2023

By: Rounak Jain

More layoffs in first 82 days this year than all of 2022

Nearly 1.72 lakh people have been laid off in the first 82 days of 2023 – this is more than the layoffs in the entirety of 2022, which stood at 1.61 lakh.

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January alone witnessed half of these layoffs

At 84,714, January this year has seen the most layoffs month-wise in 2022 and 2023 both. Talk about welcoming the new year in the worst way possible.

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Over 500 tech companies have announced layoffs this year

In 2023 so far, 522 tech companies have laid off employees. In contrast, the full year of 2022 witnessed 1,052 companies announcing layoffs.

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Over 2,000 employees laid off every day this year so far

An average of 2,096 employees being laid off every day in 2023 so far, as against 442 layoffs per day last year.

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Average layoffs per company doubled in 2023

The average employees laid off per company have more than doubled in 2023 to 332, from 153 last year.

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Five cos account for nearly half of total layoffs this year

At 78,000 layoffs, Amazon, Google, Microsoft, Meta and Accenture together account for over 45 percent of the total layoffs this year so far.

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Amazon alone has laid off 27,000 employees in the last few months

In three rounds of layoffs, Amazon has handed out pink slips to 27,000 employees, making it the top company in this regard.

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Meta a close second at 21,000 layoffs

Meta is a close second at 21,000 layoffs across two rounds of layoffs over the last few months.

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Over 3.3 lakh tech employees laid off in 2022 and 2023

Over 3.3 lakh employees in the tech sector have been laid off in 2022 and 2023.

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