More than 171,000 employees in the technology sector have lost their jobs since the beginning of 2023

City says 7,000 summer jobs are available for Boston youth ages 14 to 18

by James Rogers

This year has already surpassed 2024 due to global iterations in technology

More than 171,000 global tech sector employees have been laid off since the start of 2023, according to data compiled by layoffs.fyi.

The website’s tally of global tech layoffs for 2023 has increased more than sixfold since mid-January.

Related: Electronic Arts becomes the latest company in the tech sector to announce layoffs

The data shows that 2023 has surpassed 2024 in global technology layoffs, with 596 technology companies laying off 171,308 employees since the beginning of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.

Last month, Electronic Arts Inc. (EA) announced its intention to cut 6% of its workforce as the video game publisher seeks to cut costs. Roku Inc. revealed (ROKU) streaming media reported that it would lay off 200 employees as part of a cost-cutting plan.

Also read: Elon Musk: Twitter is at breakeven point and could be profitable ‘within months’

A group of technology companies, including Amazon.com Inc. (AMZN) and Palantir Technologies Inc. (PLTR) and Twilio Inc. (TWLO), DocuSign Inc. (DOCU), Salesforce Inc. (CRM) and SAP (SAP.XE), Zoom Video Communications Inc. (ZM), eBay Inc. (EBAY), Dell Technologies Inc. (DELL), PayPal Holdings Inc. (PYPL), International Business Machines Corp. (IBM), Intel Corp. (INTC), Microsoft Corp. (MSFT), Spotify Technology (SPOT), Alphabet Inc. (GOOGL) (GOOGL), the parent company of Google, announced job cuts in 2023.

Since Elon Musk took control of Twitter last year, the San Francisco-based company has laid off a slew of workers. Last week, Musk described laying off nearly 6,500 people, or 80% of the company’s workforce, as “painful” and “one of the hardest things” he’s had to do. According to Musk, Twitter now employs 1,500 people.

Additional reporting by Anveksha Patel.

– James Rogers

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23-04-19 0922ET

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