The IT industry is undergoing major changes due to automation and new technologies. As a result, layoffs have become increasingly common in recent years, with an estimated 560,000 jobs lost by 2023 due to automation. [1] This has had a significant impact on the IT industry and the economy as a whole, with both those who have lost their jobs and those who remain employed being affected.
Layoffs.fyi, a site that tracks job losses in the industry, reported that tech companies laid off at least 160,000 workers in 2022. [2] This trend is expected to continue into 2023, with many tech companies announcing further layoffs. Knowing how to navigate the job market and handle layoffs is essential for both employers and employees in the industry.
Employers should be aware of their legal obligations when it comes to layoffs. For example, they must provide an adequate severance package to employees whose jobs are being cut. They should also be aware of the impact layoffs can have on their brand and reputation, and should consider how they can communicate the changes to employees and the public.
Meanwhile, employees should be aware of their rights when it comes to layoffs, and research any potential employers before accepting a job. It is also important to stay up to date with the latest industry trends and news, and be aware of the job market in the tech sector.
Here you’ll find a complete list of all the known layoffs in tech, from big tech to startups, broken down by month throughout 2023. [3] This list can be valuable for prospective employers and employees alike, providing insight into which sectors and companies are currently facing layoffs and what the job market looks like.
Although the job market in the tech industry is precarious right now, those who have been laid off have the opportunity to start their own companies and pursue their own passions. With the right resources and support, these individuals can turn their ideas into businesses that can thrive in the ever-evolving tech landscape
References: [1] IT jobs in 2023: Look before you leap – InfoWorld [2] Tech Layoffs in 2023 Are Feeding a New Startup Surge | WIRED [3] A comprehensive list of 2023 tech layoffs – TechCrunch
