New Delhi, May 4 (IANS) More than 80,000 employees in the technology sector have lost jobs in the first four months this year, and layoffs continue to haunt the overall startup ecosystem globally.
Latest figures from layoff.fyi, a portal that tracks tech sector job cuts, 279 tech companies have sacked 80,230 employees to date (till May 3).
In 2022 and 2023, tech companies worldwide laid off more than 425,000 employees, as global slowdown hit the IT/Tech and the startup ecosystem.
In a latest job cut, US customer experience management platform Sprinklr sacked about 116 employees.
Exercise equipment and fitness company Peloton this week announced to lay off 15 per cent of its workforce (about 400 employees).
Google also laid off about 200 employees from its core teams in a reorganisation move, according to reports.
In fresh job cuts, Elon Musk-run Tesla laid off hundreds of employees, weeks after reducing 10 per cent (or 14,000 people) from its global workforce.
The tech billionaire disbanded the entire Tesla charging team in the new layoff round.
In India, ride-hailing platform Ola Cabs has started a restructuring process that will impact at least 10 per cent of its workforce.
–IANS
na/rad
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
