Over 32K tech workers fired in US, more than 11K in India this year

Over 32K tech workers fired in US, more than India

More than 32,000 tech workers have been laid off in the US through July this year, including at big tech companies like Microsoft and Meta (formerly Facebook) and the worst is yet to be over for the sector of technology which has seen massive stock sales. .

According to data compiled by Crunchbase, more than 32,000 US tech workers were laid off as part of massive job cuts in late July.

“We included both startups and publicly traded companies based in the US. We also included companies based elsewhere that have a large team in the US, such as Klarna,” the analysis says.

The layoff includes ride-sharing platform Uber, Netflix, and several cryptocurrency exchanges and lending platforms.

Robinhood, Glossier and Better are just a few of the tech companies that have downsized this year.

Since April 1 this year, more than 43,000 workers from 342 tech companies/startups have been laid off across the world and more than 13% are from India, according to the latest data compiled by layoffs.fyi, a website that tracks layoffs at startups.

In India, more than 25,000 startup workers have lost their jobs since the pandemic began – and more than 11,500 have been laid off this year.

India’s layoffs are dominated by edtech platforms like Unacademy (1,150 employees), BYJU’S (550 at Toppr and Whitehat Jr) and Vedantu (624), as well as carpooling platform Ola (nearly 500), healthcare startup MFine healthcare provider (600) and used car platform Cars24 (600), among others.

Other Indian startups and unicorns that have laid off employees include Meesho, MPL, Trell, and Blinkit (now owned by Zomato), among others.

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