Tech jobs continue to tank

Tech Jobs Image

Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

  • More than 219,000 global tech workers have lost their jobs this year
  • 2023 has easily surpassed 2022 for global tech redundancies
  • More than 219,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website
  • That number has gone up more than eightfold since mid-January, the website noted.
  • The data show that 2023 has easily surpassed 2022 for global tech redundancies, with 869 tech companies laying off 219,809 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to
  • Earlier in the month, Insider reported that Oracle Corp. (ORCL) had laid off hundreds of employees
  • In early June, Spotify Technology SA (SPOT)announced plans to lay off approximately 200 people, or 2% of the company’s workforce.
  • Related: Robinhood is laying off around 7% of staff, Wall Street Journal reports
  • Chinese tech giant Alibaba Group Holding Ltd.’s (9988.HK) cloud unit also started the process of cutting 7% of staff, Barron’s reported in late May, citing a source familiar with the matter. News of the job cuts was first reported by Bloomberg.

Read the original article by clicking here.