Tech Layoffs 2023: Job Losses in Tech Sector
The year 2023 has witnessed an unprecedented surge in layoffs within the tech industry. This unexpected wave of job losses has sent shockwaves throughout the sector, impacting both industry giants and startups. The repercussions of these layoffs have extended far beyond the tech world, affecting the broader economy. The impact of these layoffs on the tech industry has been nothing short of astounding. While layoffs are not uncommon in the sector, the scale and frequency in 2023 have been exceptional. The tech industry has traditionally been seen as a beacon of job growth and stability, but this year has defied that expectation. The continuous growth in the tech industry, particularly during the COVID-19 pandemic, has led to an expansion in hiring. However, as 2022 turned into 2023, the landscape changed…