News > Big tech binged on workers during Covid. Now, the purge.
Big tech binged on workers during Covid. Now, the purge.
27/01/2023 11:04 AM | Click to read full article
The spate of layoffs is a reaction to a hiring wave during the pandemic that got out of hand. The layoff announcements coming lately from the chief executive officers of big technology companies all contain variations on the theme of “we hired too many people during the pandemic,” expressed with varying degrees of contrition. The 2022-2023 tech layoff total as tallied, including companies in retail, finance, health care and crypto, is 219,132, of which 59,448 have been announced this year.