Members of the Alphabet Workers Union hold a rally outside the Google office in response to recent layoffs, in New York on Feb. 2, 2023. (Ed Jones/AFP via Getty Images) The mass layoffs that started late last year have continued into 2023, amid recession fears and economic slowdowns.
So far, the number of tech layoffs globally this year has exceeded the total number from a year ago.
According to data compiled by online tracker Layoffs.fyi, the running total of tech layoffs to date is 191,416, surpassing last year’s total of 164,576.
Some experts are warning that a U.S. recession is expected this year, despite the latest data from the Bureau of Labor Statistics (BLS) showing that the U.S. economy added 253,000 new jobs in April.The unemployment rate dropped slightly to 3.4 percent, down from 3.5 percent, according to the BLS.“We still forecast a recession to start in 2023 as the Fed […]
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