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Some 212,294 workers in the tech industry have been laid off in 2023 alone, according to data tracked by Layoffs.fyi, already surpassing the 164,709 recorded in 2022.
The tech sector has kicked off the new year with a spate of fresh job cuts that are coming at the same time as the industry is doubling down on investments into artificial intelligence.
Fagan said that while some tech workers are drawn to the flexibility that contingent or part-time roles can offer, tech has historically been the No. 1 industry tech workers want to work in.
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [17]
Spotify is the latest of Big Tech's sector leaders to lay off workers in droves. To date, tech's biggest names have slashed more than 50,000 jobs. To date, tech's biggest names have slashed more ...
Since the start of the year, media, tech and video gaming industries have been hit hard by layoffs. Microsoft cut 1,900 employees across Xbox and Activision Blizzard.
Yahoo Finance has compiled an ongoing list of recent tech layoffs — one that's likely to keep growing, Lee said, noting: "The pain won't end until the Fed's able to get a handle on inflation."
Tech companies added nearly 18,000 workers last month, and job postings for open positions recorded a rebound, according to CompTIA, a nonprofit association for the tech industry. And the ...