{"id":1242450,"date":"2023-02-06T10:34:25","date_gmt":"2023-02-06T05:04:25","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1242450"},"modified":"2023-02-06T10:34:55","modified_gmt":"2023-02-06T05:04:55","slug":"it-tech-layoffs-increase-by-5x-in-us-100000-employees-asked-to-resign-in-30-days","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/it-tech-layoffs-increase-by-5x-in-us-100000-employees-asked-to-resign-in-30-days\/","title":{"rendered":"IT & Tech Layoffs Increase By 5X In US: 100,000+ Employees Asked To Resign In 30 Days"},"content":{"rendered":"\n

In the recent past, employees have been fired from their jobs before they could blink. Some big names including Meta, Amazon, Byju\u2019s, and more have gone on firing sprees. <\/p>\n\n\n\n

\"IT<\/figure>\n\n\n\n

A new report states that the firing statistics in the United States recorded<\/a> a two-year high in January.\u00a0<\/p>\n\n\n\n

Layoffs in the US Register Two Year High in January<\/strong><\/p>\n\n\n\n

According to a report released on Thursday, layoffs in the US reached a more than two-year high in January as technology companies cut staff at the second-fastest rate ever as they prepare for a potential downturn.<\/p>\n\n\n\n

According to the Challenger, Gray & Christmas Inc. report, 102,943 employees were affected by the layoffs, a more than two-fold increase from December and a more than five-fold increase from a year earlier.<\/p>\n\n\n\n

Thousands of jobs were cut last month by businesses like Microsoft Corp, Amazon.com Inc, and Goldman Sachs Group Inc (GS.N) in an effort to weather a demand slump brought on by a decline in consumer and business spending as a result of high inflation and rising interest rates.<\/p>\n\n\n\n

After technology, retailers cut 13,000 jobs in January, compared to almost no layoffs a year earlier. In contrast, financial firms cut 10,603 jobs last month, up from 696 positions a year earlier.<\/p>\n\n\n\n

Analysts Predict More Layoffs For American Businesses<\/strong><\/p>\n\n\n\n

In order to combat inflation that is still on the higher side despite several rounds of rate increases, the Federal Reserve is predicted to keep raising rates. As a result, analysts predicted that more layoffs may be in store for American businesses.<\/p>\n\n\n\n

In 2023, the tech industry was still experiencing a layoff season, and notable companies like Microsoft and Google joined the list. On average, 3,400 or more tech workers are being let go worldwide each day in January.<\/p>\n\n\n\n

We recently reported that data from the layoffs tracking website Layoffs.fyi shows that 219 businesses have fired more than 68,000 workers so far in January.<\/p>\n\n\n\n

154,336 employees were let go by more than 1,000 companies in 2022, according to data from the layoffs monitoring website Layoffs.fyi.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the recent past, employees have been fired from their jobs before they could blink. Some big names including Meta, Amazon, Byju\u2019s, and more have gone on firing sprees.  A new report states that the firing statistics in the United States recorded a two-year high in January.\u00a0 Layoffs in the US Register Two Year High […]<\/p>\n","protected":false},"author":25,"featured_media":1242458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[211],"tags":[764,762],"class_list":["post-1242450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smartphones","tag-vivo","tag-vivo-x90"],"acf":[],"yoast_head":"\nIT & Tech Layoffs Increase By 5X In US: 100,000+ Employees Asked To Resign In 30 Days - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/it-tech-layoffs-increase-by-5x-in-us-100000-employees-asked-to-resign-in-30-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT & Tech Layoffs Increase By 5X In US: 100,000+ Employees Asked To Resign In 30 Days - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"In the recent past, employees have been fired from their jobs before they could blink. 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