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More than 157,000 tech-sector employees have lost their jobs since the start of 2023

MarketWatch logo MarketWatch 3/31/2023 James Rogers
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More than 157,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website

The website’s tally of 2023 global tech layoffs has gone up more than sixfold since mid-January.

According to the data, 2023 has now surpassed 2022 for global tech redundancies, with 544 tech companies laying off 157,688 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to

Last week Inc. announced that it was was eliminating another 9,000 jobs in addition to the 18,000 layoffs the company announced in January. The latest round of cuts would primarily affect Amazon Web Services, People Experience and Technology Solutions, advertising and Twitch, according to Amazon Chief Executive Andy Jassy.

Related: Amazon’s stock dips 1% as another 9,000 layoffs announced

“This was a difficult decision, but one that we think is best for the company long term,” wrote Jassy, in a memo to staff. The positions would be eliminated in the next few weeks, according to the CEO.

“As our internal businesses evaluated what customers most care about, they made re-prioritization decisions that sometimes led to role reductions, sometimes led to moving people from one initiative to another, and sometimes led to new openings where we don’t have the right skills match from our existing team members,” he added. “This initially led us to eliminate 18,000 positions (which we shared in January); and, as we completed the second phase of our planning this month, it led us to these additional 9,000 role reductions.” 

In a blog post Dan Clancy, CEO of Amazon’s Twitch subsidiary, said that just over 400 people will be laid off from the live streaming service.

Earlier this month, Facebook parent Meta Platforms Inc.  announced plans to lay off an additional 10,000 employees as it focuses on a “year of efficiency.”

Related: Meta cuts more jobs in latest tech layoffs

In November, Meta announced that it would cut 11,000 employees, or about 13% of its workforce, in the first layoffs in the company’s 18-year history.

A host of tech companies, including Palantir Technologies Inc.   Twilio Inc.   DocuSign Inc.   Salesforce Inc.   SAP   Zoom Video Communications Inc.   eBay Inc.   Dell Technologies Inc.   PayPal Holdings Inc.   International Business Machines Corp.   Intel Corp.   Microsoft Corp.   Spotify Technology  and Google parent Alphabet Inc.  have announced job cuts in 2023.

In late February, citing three people familiar with the matter, the New York Times reported that Twitter had laid off another 200 employees, equal to about 10% of the roughly 2,000 people still working at the company. MarketWatch has reached out to Twitter with a request for comment.


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