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Explained: Why are tech giants laying off a mass of humanity?

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Updated on: 07 February,2023 11:21 AM IST  |  Mumbai
Ainie Rizvi | ainie.rizvi@mid-day.com

The sacking episodes have gained pace amid the global economic meltdown and a big hit to tech companies’ stock prices in 2022

Explained: Why are tech giants laying off a mass of humanity?

World’s biggest tech companies have collectively laid off more than 150,000 workers in recent months. Photo courtesy: iStock

“I found out that I am one of the 10 per cent impacted by the Salesforce layoffs announced in January. I’m certain that everyone who has received similar news has their own private battles to overcome. As for myself, this involves being able to continue working in a country that I now call my second home,” shares Jayant Dutta, an Indian-origin worker who recently got laid off by Salesforce in the U.S.

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