{"id":1355,"date":"2023-10-13T20:06:30","date_gmt":"2023-10-13T20:06:30","guid":{"rendered":"https:\/\/infundpros.com\/investment\/tech-layoffs-exceed-240000-so-far-in-2023-more-than-50-higher-than-in-all-of-2022\/"},"modified":"2023-10-13T20:06:30","modified_gmt":"2023-10-13T20:06:30","slug":"tech-layoffs-exceed-240000-so-far-in-2023-more-than-50-higher-than-in-all-of-2022","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=1355","title":{"rendered":"Tech layoffs exceed 240,000 so far in 2023, more than 50% higher than in all of 2022"},"content":{"rendered":"
\n

More than 240,000 global technology-sector employees have been laid off since the start of the year, according to data compiled by the website Layoffs.fyi.<\/p>\n

The data show that 1,059 tech companies have laid off 240,193 employees thus far in 2023. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to\u00a0Layoffs.fyi.<\/p>\n

\n

This week Qualcomm Inc.
\n QCOM,
\n -2.51%<\/bg-quote>
\n joined the list of companies making layoffs when it announced that it will cut about 2.5% of its workforce in December. The cuts will be centered in California, the chip maker said in filings with the California Employment Development Department Thursday.<\/p>\n

Related:<\/strong> Qualcomm trimming workforce by 2.5% with California job cuts<\/p>\n

Last month, Epic Games Inc., publisher of \u201cFortnite,\u201d announced that it would be\u00a0laying off\u00a016% of its workforce, or 830 employees. About two-thirds of the layoffs were in teams outside of core development, the company said in a statement.<\/p>\n

Networking giant Cisco Systems Inc.\u00a0
\n CSCO,
\n -0.15%<\/bg-quote>
\n and streaming company Roku Inc.\u00a0
\n ROKU,
\n -2.51%<\/bg-quote>
\n have also\u00a0announced\u00a0job cuts\u00a0recently.<\/p>\n

Software giant Microsoft Corp.
\n MSFT,
\n -1.04%<\/bg-quote>
\n \u00a0announced job cuts\u00a0in July, in addition to the 10,000 cuts the company announced earlier this year.<\/p>\n

Related:\u00a0<\/strong>Cisco to cut 350 jobs in latest round of layoffs<\/p>\n

In June, Niantic Inc., the company that created the popular \u201cPokemon Go\u201d game,\u00a0announced\u00a0230 layoffs.<\/p>\n

Also in June, the Wall Street Journal reported that stock-trading app Robinhood Markets Inc.\u00a0
\n HOOD,
\n -1.61%<\/bg-quote>
\n was\u00a0laying off\u00a0around 7% of its full-time staff, or about 150 people. \u201cWe\u2019re ensuring operational excellence in how we work together on an ongoing basis,\u201d a Robinhood spokesperson told MarketWatch. \u201cIn some cases, this may mean teams make changes based on volume, workload, org design and more.\u201d<\/p>\n

And in early June, Spotify Technology SA
\n SPOT,
\n -2.88%<\/bg-quote>
\n announced plans\u00a0to lay off approximately 200 people, or 2% of the company\u2019s workforce.\u00a0<\/p>\n

Related:<\/strong>\u00a0Roku plans to lay off 10% of staff, boosts revenue outlook<\/p>\n

A host of other tech companies, including Facebook parent Meta Platforms Inc.
\n META,
\n -2.92%<\/bg-quote>,<\/span>
\n \u00a0Amazon.com Inc.\u00a0
\n AMZN,
\n -1.92%<\/bg-quote>,<\/span>
\n \u00a0Microsoft-owned LinkedIn, Electronic Arts Inc.\u00a0
\n EA,
\n -0.21%<\/bg-quote>,<\/span>
\n \u00a0Palantir Technologies Inc.\u00a0
\n PLTR,
\n -3.18%<\/bg-quote>,<\/span>
\n \u00a0Twilio Inc.\u00a0
\n TWLO,
\n -1.23%<\/bg-quote>,<\/span>
\n DocuSign Inc.\u00a0
\n DOCU,
\n +0.30%<\/bg-quote>,<\/span>
\n Salesforce Inc.\u00a0
\n CRM,
\n -0.50%<\/bg-quote>,<\/span>
\n \u00a0SAP\u00a0
\n SAP,
\n -2.18%<\/bg-quote>,<\/span>
\n \u00a0Zoom Video Communications Inc.\u00a0
\n ZM,
\n -1.13%<\/bg-quote>,<\/span>
\n \u00a0eBay Inc.\u00a0
\n EBAY,
\n -1.97%<\/bg-quote>,<\/span>
\n \u00a0Dell Technologies Inc.\u00a0
\n DELL,
\n -1.43%<\/bg-quote>,<\/span>
\n \u00a0PayPal Holdings Inc.\u00a0
\n PYPL,
\n -1.07%<\/bg-quote>,<\/span>
\n \u00a0International Business Machines Corp.
\n IBM,
\n -1.93%<\/bg-quote>,<\/span>
\n \u00a0Intel Corp.
\n INTC,
\n -2.36%<\/bg-quote>
\n and Google parent Alphabet Inc.\u00a0
\n GOOG,
\n -1.22%<\/bg-quote><\/p>\n

GOOGL,
\n -1.16%<\/bg-quote>,<\/span>
\n \u00a0have also\u00a0announced\u00a0job cuts in 2023.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than 240,000 global technology-sector employees have been laid off since the start of the year, according to data compiled by the…<\/p>\n","protected":false},"author":1,"featured_media":1357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-1355","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"\nTech layoffs exceed 240,000 so far in 2023, more than 50% higher than in all of 2022 | inFundPros<\/title>\n<meta name=\"description\" content=\"More than 240,000 global technology-sector employees have been laid off since the start of the year, according to data compiled by the website\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=1355\" \/>\n<meta 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