Is your job safe in 2023? The tech industry is experiencing a wave of layoffs that could leave many employees out in the cold. Find out what’s behind this trend and how you can protect yourself in this rapidly changing job market.
The tech layoff trend from 2022 continues into this year, 2023.
Here’s all you need to know!
- Layoffs have yet again cost tens of thousands of tech workers their jobs; this time, big names in tech like Google, Amazon, Microsoft, Yahoo, and Zoom are leading the way.
March 2023 Layoffs
|Netflix confirms a “handful of layoffs,” which includes two longtime executives. The exact number of layoffs is unclear. Netflix is scheduled to report Q1 2023 results on April 18.
|Announced on March 30 that it letting go of about 200 employees or 6% of its workforce. The company laid off about 100 U.S. employees back in November 2022.
|Announced that it has laid off more than 350 roles, or 12% of its workforce — just over four months after cutting about 350 roles in November.
|Announced that it is laying off 1,300 employees, or 18% of its workforce, to be completed by the end of Q2 2023.
|Announced that it has eliminated over 100 jobs in the South Asian market, laying off virtually its entire engineering team in India. A GitHub spokesperson told TechCrunch that the layoff is part of the streamlining effort the firm had disclosed in February to cut roughly 10% of its workforce by end of Q1 2023.
|In an internal memo to employees, Disney revealed there will be three rounds of layoffs, the first beginning this week. The job cuts will impact approximately 7,000 employees, which was announced in February.
|Bloomberg reported that more layoffs could be on the way at Salesforce, quoting chief operating officer Brian Millham, who indicated that the company could be adding to the ongoing job cutting at the CRM leader and in tech in general. If the layoffs happen, it would come on top of the top 10% in January.
|Announced that it plans to cut 19,000 jobs or 2.5% of its workforce.
|Announced that it will lay off 2,200 employees, or 15% of its staff.
|Announced that it has laid off 27% of its staff, approximately 100 employees.
|Announced that it will lay off 400 employees.
|Announced another round of substantial layoffs, this time 9,000 people are set to lose their jobs. TechCrunch is hearing that around 10% of today’s total came from AWS. As part of the new round of layoffs, Amazon is shutting down DPReview.
|Announced that it has laid off at least 100 employees, about 2% of the company’s workforce.
|Announced that it has cut 15% of staff or 42 people.
|Announced that it has laid off 140 of its staff across all teams.
|As a part of its recent announcement to lay off 10,000 people, Microsoft laid off an entire team dedicated to guiding AI innovation that leads to ethical, responsible, and sustainable outcomes.
|CEO Mark Zuckerberg confirmed rumors that the company will be cutting 10,000 people from its workforce and around 5,000 open roles that it had yet to fill.
|Announced that it will impact 20% of staff or 17 team members.
|Salesforce first announced that it was laying off 10% of the workforce in January, but some employees didn’t know until February. The week of March 10, more employees are just learning they have been laid off. Salesforce confirmed that these layoffs were part of the 10%.
|Atlassian is laying off about 500 employees, or 5% of its total workforce.
|Announced that the company laid off 475 employees or 8% of its total workforce.
|The Nigerian B2B e-commerce platform had a headcount of more than 2,000 before the first round of layoffs in September 2022. Alerzo has laid off 15% of its full-time workforce, the company confirmed on March 6, leaving about 800 employees at the startup.
|The company is letting go 15% of its workforce — roughly 285 employees.
|Alphabet’s Waymo issued a second round of layoffs this year. Combined with the initial cuts in January, the self-driving technology company has let go of 8%, or 209 employees, of its workforce.
Who was the first company to start the Tech layoffs in 2023?
|Announced March 1, Alphabet’s Waymo issued a second round of layoffs this year. Combined with the initial cuts in January, the self-driving technology company has let go of 8%, or 209 employees, of its workforce.
As technology continues to evolve at an unprecedented pace, the demand for certain skills and expertise is shifting rapidly. This, coupled with the impacts of the ongoing pandemic and economic instability, has created a perfect storm for the tech industry. Many companies are being forced to restructure and adapt in order to stay competitive, and unfortunately, this often means laying off employees whose skills are no longer in high demand. Additionally, with the rise of automation and artificial intelligence, many jobs that were once considered essential are being replaced by machines, further contributing to the trend of tech layoffs.