As generative AI threatens millions of jobs, tech companies globally are now sacking employees even in the holiday season (they had spared workers in 2021 and 2022 festive seasons amid the global meltdown and started layoffs only in the first month of the New Year).

Tech companies, including startups, around the world have fired more than 425,000 employees in the last two years (till December 26, 2023), with more than 36,000 employees being sacked in India in the same time period.