Tech lay offs in 2023
From major layoffs at tech giants,
to small fintech startups and apps
In 2023, the tech industry continues to grapple with layoffs, impacting tens of thousands of tech workers. Major tech players like Google, Amazon, Microsoft, Yahoo, Meta, and Zoom have implemented significant workforce reductions. This trend is not limited to industry giants; startups across various sectors, including crypto and enterprise SaaS, have also announced layoffs.
According to a recent Tech Crunch article, the reasons for these layoffs often revolve around the macroeconomic environment and the necessity to achieve stability and profitability amid turbulent times. Tracking these layoffs is crucial in understanding their implications on innovation, identifying companies facing substantial pressures, and determining the availability of talent for businesses fortunate enough to be expanding. Unfortunately, it also highlights the human toll of layoffs and signals potential shifts in risk profiles moving forward.
As of October 2023, there have been a total of 224,503 tech-related layoffs based on full months, surpassing the total number of tech layoffs recorded in the entire year of 2022 (according to Layoffs.fyi).
- January: 89,554 employees laid off
- February: 40,021 employees laid off
- March: 37,823 employees laid off
- April: 20,014 employees laid off
- May: 14,928 employees laid off
- June: 10,958 employees laid off
- July: 10,589 employees laid off
- August: 9,545 employees laid off
- September: 4,632 employees laid off
This data sheds light on the industry's ongoing challenges and the evolving landscape for tech professionals. Read more and check out the interactive version of the graph here: https://techcrunch.com/2023/10/10/tech-layoffs-2023-list
If you are facing redundancy and looking for work in tech or IT sales, reach out to the Kaliba team or create a job alert to be notified of advertised roles.
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Kaliba is the trusted recruitment agency partner for specialist technology, sales and leadership talent. We’ve helped leading tech vendors build out their tech and sales teams across Cyber Security & Networking, CX & Marketing Technology, Fintech & Payments, Data & Analytics, Application Software, and AI & Machine Learning throughout APAC.
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