Layoff News Be Prepared For Huge Layoffs In 2023, Predicts Economists


Companies will cut in the coming months. Such employees have been victims of retrenchment in big tech companies whose salary was high, The Information’s report has revealed this. The findings indicate widespread concern about entering a recession this year. Layoff news 2023. google layoffs. alphabet incalphabet inc

SAN FRANCISCO: With 2023 set to see huge layoffs, most business economists predict that their companies will cut payrolls in the coming months. This thing has been said in the media reports. According to a CNN report citing a new survey, only 12 percent of economists expect their firms to increase employment in the next three months. The survey was conducted by the National Association for Business Economics (NABE). Layoff news 2023.

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This is the first time since the initial days of the Kovid epidemic that more businessmen have estimated the shrinking of jobs in their firms. According to NABE President Julia Coronado, the findings indicate widespread concern about entering a recession this year. Nearly 3,000 tech workers are now being laid off on an average per day in January globally, including in India, with more big tech companies like Microsoft and Google joining the ongoing layoff season. google layoffs. alphabet inc.

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According to the survey, more than half of business economists see the risk of a recession next year of 50 percent or more, which means more layoffs in 2023. 166 tech companies have laid off more than 65,000 employees so far. Google’s parent company Alphabet announced plans to lay off 12,000 employees, or about 6 percent of its workforce. Microsoft Chairman and CEO Satya Nadella said last week that the company will make such changes that will result in a reduction of 10,000 jobs in our total workforce by the end of the third quarter of FY 2023.

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Amazon had earlier announced layoffs of 18,000 employees globally, including around 1,000 in India. Music streaming giant Spotify on Monday announced the reduction of 6 percent of its workforce or about 600 employees globally. In 2022, more than 1,000 companies laid off 154,336 employees, according to data from layoff tracking site


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