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.
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.
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.
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