Products

Insider Intelligence delivers leading-edge research to clients in a variety of forms, including full-length reports and data visualizations to equip you with actionable takeaways for better business decisions.
Reports
In-depth analysis, benchmarks and shorter spotlights on digital trends.
Learn More
Forecasts
Interactive projections with 10k+ metrics on market trends, & consumer behavior.
Learn More
Charts
Proprietary data and over 3,000 third-party sources about the most important topics.
Learn More
Industry KPIs
Industry benchmarks for the most important KPIs in digital marketing, advertising, retail and ecommerce.
Learn More
Briefings
Client-only email newsletters with analysis and takeaways from the daily news.
Learn More
Analyst Access Program
Exclusive time with the thought leaders who craft our research.
Learn More

About Insider Intelligence

Our goal at Insider Intelligence is to unlock digital opportunities for our clients with the world’s most trusted forecasts, analysis, and benchmarks. Spanning five core coverage areas and dozens of industries, our research on digital transformation is exhaustive.
Our Story
Learn more about our mission and how Insider Intelligence came to be.
Learn More
Methodology
Rigorous proprietary data vetting strips biases and produces superior insights.
Learn More
Our People
Take a look into our corporate culture and view our open roles.
Join the Team
Contact Us
Speak to a member of our team to learn more about Insider Intelligence.
Contact Us
Newsroom
See our latest press releases, news articles or download our press kit.
Learn More
Advertising & Sponsorship Opportunities
Reach an engaged audience of decision-makers.
Learn More
Events
Browse our upcoming and past events, recent podcasts, and other featured resources.
Learn More
Podcasts
Tune in to eMarketer's daily, weekly, and monthly podcasts.
Learn More

Tech layoffs continue as the Fed signals more rate hikes

The latest layoff numbers: A slew of tech companies have announced or enacted layoffs over the past few weeks, and the talent bloodletting shows no signs of easing in 2023.

Over 17,000 employees have been laid off from 18 tech companies in 2023 as of January 6, per Layoffs.fyi. It adds to the 153,937 tech workers laid off from 1,020 companies in 2022.

Economic headwinds for tech: It's been a rough start to the new year for the tech industry as it continues to grapple with recessionary fears.

  • The culprit is an overall strong US labor market that the US Federal Reserve wants to dampen as a means to rein in inflation.
  • The Dow Jones Industrial Average, S&P 500, and Nasdaq fell Thursday following an ADP payroll report that indicated private employers added 235,000 jobs in December. That’s significantly more than the 153,000 economists had anticipated, per Forbes.

Uncertainty ahead: Job creation among small and medium-size businesses has been good for workers, but it signals that the Fed could continue to enact bold interest rate hikes this year.

  • A resulting drought of capital could curtail the outlook for tech’s economic recovery and mean more layoffs.
  • If the Fed fails to strike a balance between curbing inflation and enabling economic growth, a full-blown recession is still a distinct possibility this year.

This article originally appeared in Insider Intelligence's Connectivity & Tech Briefing—a daily recap of top stories reshaping the technology industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.