The number of layoffs at IT companies worldwide has exceeded 200,000 this year — study

More than 200,000 technology-sector workers worldwide have lost their jobs since the beginning of 2023, according to data collected by the Layoffs.fyi portal.

At the same time, since mid-January the number of people laid off has increased more than eightfold, MarketWatch notes.

The data indicate that the number of job cuts in the tech sector by the end of 2023 will significantly exceed last year's figure. Since the beginning of this year, 718 tech companies have cut 200,040 people. Over the course of last year, 1,024 companies laid off 154,340 employees, Layoffs.fyi reports.

In particular, last week Alibaba Group Holding announced a 7% cut in the staff of its “cloud” division, while Meta Platforms Inc. began its third round of layoffs this year.

The tech companies that have announced layoffs this year include the U.S. companies Amazon.com Inc., Electronic Arts, Roku Inc. (SPB: ROKU), Palantir Technologies, Twilio Inc., DocuSign Inc., Salesforce Inc., Zoom Video Communications, eBay, Dell Technologies, PayPal Holdings, International Business Machines, Intel Corp., Microsoft Corp., Alphabet Inc., as well as the German company SAP and the Swedish company Spotify Technology.