All small and big tech companies are involved in retrenching employees. So far this year, about 70 thousand and last year about 1.5 lakh employees have lost their jobs. Experts have warned about the future.
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Tech companies are always in the limelight. Sometimes due to the launching of new gadgets in the market and sometimes due to the retrenchment of employees on a large scale. Just looking at this year’s figures, many big tech companies have now laid off more than 70,000 employees.
The surprising thing is that after the end of the Corona epidemic, while the world was coming back on track, IT companies were firing a large number of employees. Many big companies are included in these. Tech companies had fired about 70 thousand this year and last year (2022) about 1.5 lakh employees.
today’s big news
Which company took out how many?
Let’s have a look which company has fired how many employees?
- Alphabet – 12,000 employees
- Amazon – 18,000 employees
- Meta – 11,000 employees
- Twitter – 4,000 employees
- Microsoft – 10,000 employees
- Salesforce – 8,000 employees
- Wipro – 400 employees
- Swiggy – 380 employees
- MediBuddy – 200 Employees
- Ola 200 Employees
- sophos 450 employees
Apart from these, many companies including Tesla, Netflix, Robin Hood, Snap, Coinbase and Spotify also fall in this category, who have laid off employees.
reason for layoff
However, this does not include downstream retrenchment. In the opinion of experts, layoffs are done in companies due to many reasons. Global recession is also one of them. After Corona, the global economy is yet to come back on track. In many countries of the world, the economy is going through a bad phase right now. The economy has also been badly affected due to the Russia-Ukraine war.
impact on funding
Actually, the funding of most tech companies is done through advertisements. But if the source of funding of advertising companies is affected, then it affects the tech companies.
Experts say that usually companies retrench employees due to less advertising expenditure or due to less orders for technical products, the size of production decreases and the sword of retrenchment hangs over the employees.
Apple an exception
Apple company is an exception. The company has in recent years laid emphasis on maintaining a balance of its workforce. Apple prohibited the increase in the number of employees, so the number of employees did not have to be reduced.
What will happen next?
Although these headlines of retrenchment do not mean much to the common people, because it does not affect his business. Work continues on technical products and services. It is also often temporary. Where one moment there are layoffs, the next moment large-scale recruitments also happen. But the most worrying thing is that if the funding source of tech companies is not strengthened in the future, then the number of layoffs may increase further.
Source: www.tv9hindi.com”