Big Tech layoffs are ‘overexuberance’ of market bullishness: Daphne E. Jones
The Board Curators founder and CEO Daphne E. Jones argues Big Tech ‘is going to come back’ after massive industry layoffs.
Over 25,000 tech workers have lost their jobs globally just 17 days into the new year, according to data from Layoff.ai.
The latest data shows 101 tech companies worldwide have laid off 25,436 employees so far in 2023. More than 22,400 of those employees are in the U.S.
Though that figure is high, it's just a fraction of the 154,336 workers that were laid off in 2022 from over 1,000 global tech companies, the data shows.
LAYOFFS ARE ON THE RISE, BUT NEARLY 50% OF WORKERS ARE STILL LOOKING TO QUIT IN 2023