According to a site that tracks layoffs, 7500 people have been laid off so far this year in the tech sector. Companies doing this include Google and Amazon.
New Delhi. The year has changed but the trend of layoffs in tech is not stopping. In just 17 days in the first month of 2024, 51 tech companies have laid off 7500 people. Reuters has given this information quoting Layoffs.fyi. This website tracks layoffs being done by tech companies around the world. Let us tell you that recently Google had shown the way out to 1000 of its employees. Apart from this, Amazon is also preparing for layoffs once again.
Analysts and experts believe that the scale of layoffs this year will be small and will be done in a very targeted manner. Tech companies are spending billions of dollars on AI and to compensate for this they will continue to lay off. While making layoffs, Google has said that it will spend on its biggest priorities. Google made layoffs in the Pixel making team and voice assistant unit. According to reports, people in its advertising department were also thrown out.
Amazon laid off
Amazon laid off hundreds of people from its streaming and studio operations teams in the last week. Apart from this, hundreds of people were also shown the way out from the streaming platform Twitch acquired by the company.
Companies do not want to lag behind
DA Davidson & Co. Analyst Gil Luria says that no company wants to be left behind in the AI revolution. He says that companies want to have AI capabilities and are giving it priority, even if it means making compromises elsewhere. However, it is a matter of relief that this year there will not be retrenchment on a large scale like last year. Last year, 168,032 people were laid off in the tech sector.
