1024 Companies Laid Off 154336 Employees in 2022
91 Companies Laid Off 24151 Employees in just 16 Days of 2023
These are the companies people know about and there are thousands of other companies that we don't know about who laid off IT workers...and it's not just limited to Information technology alone. Financial industry (Goldman Sachs laid off 3000 employees in NYC) alone.
The rapidly changing technology landscape is creating job displacement where companies are looking for specific skillsets from their existing employees which is creating a skillsgap.
Startups that raised capital at inflation valuations in 2021 are more likely to need to conduct layoffs in 2023.
That’s because those companies unable to grow into their frothy new valuations and can’t raise additional capital without risking a down round may need to slash payroll — often the biggest expense, by far — to extend runway.