Winning Bizness Desk

Mumbai. There has been an earthquake in the tech companies, where the phase of retrenchment is going on in many big companies of the world. The worst nightmare is that Microsoft and Google are also included in these, which are called trend setters. On an average, about three thousand people are being laid off every day in the whole world in January. India is also included in this. The pace of layoffs has accelerated amid concerns of a global economic crisis and recession. So far 166 tech companies have laid off more than 65,000 employees. Google's parent company Alphabet has announced layoffs of 12,000 employees or about 6 percent of its workforce. Microsoft Chairman and CEO Satya Nadella said last week that the company will make changes, which will cut the total workforce by 10,000 jobs by the end of the third quarter of fiscal year 2023.

Amazon has already laid off

Amazon had earlier announced the layoff of 18,000 employees globally, including about 1,000 employees from India. According to the layoff tracking website Layoffs.fyi, in the year 2022, more than 1,000 companies laid off 154,336 employees. The layoffs in big tech companies in 2022 continued in the new year. And Indian companies and startups also pulled out employees. Domestic social media company ShareChat (Mohalla Tech Pvt Ltd) has laid off 20 percent of its workforce due to uncertain market conditions. This has affected more than 500 employees.

Domestic companies too facing heat

Veteran IT company Wipro has laid off more than 400 fresher employees due to poor performance in internal assessment tests. At the same time, online food delivery platform Swiggy has also confirmed that the company is laying off 380 employees as the growth of food delivery has slowed down. At the same time, MediBuddy, an end-to-end digital healthcare platform in India, has laid off 8 percent of its workforce or about 200 people. People from all departments are involved in this. On the other hand, companies like Ola have fired 200 employees and voice automated startup Skit.a has also been in headlines this month for laying off employees. Domestic quick grocery delivery provider Dunzo has laid off 3 per cent of its workforce as part of cost-cutting measures. The year 2023 has started with bad news for tech workers all over the world.