Since the start of 2022, tech giants have started to layoff their workforce at an alarming rate. The layoff rate is not showing any signs of slowing down yet.
It is reported that global tech giants have laid off over 200,000 employees globally. The list has been propelled by Google’s parent company – Alphabet Inc.
Google’s CEO Sundar Pichai has announced that the company is starting to lay off 12,000 employees, which is 6% of its global workforce. This is one of the biggest layoffs by a tech giant in recent times.
Amazon has announced that they will be laying off 18,000 employees while Microsoft will be giving the pink slips to 10,000 employees. Facebook has laid off 11,000 of its global workforce. Salesforce has laid off 8000 employees.
A report read that Twitter has bought down its workforce from 7,500 to just 1500, losing 80% of the global workforce.
While these tech giants alone have laid off over 70,000 employees globally, it is estimated that over 2 lakh employees have been laid off in the tech world since the start of 2022.
And the bad part here is that no consolidated reason is being sighted for these mass layoffs. This has led to a commotion that tech employees need a union now in order to curb the mass layoffs by tech companies globally.
Tech analysts opine that a union is needed to assess what’s going on with the layoffs and then come with a reactive plan for the same.