Tech Companies In This Country Laid Off Huge Employees!!! Check The Latest News: As of now, many top tech companies are laying off their employees to reduce spending amount due to the economic slowdown. Even the top companies are also not exempted from this event. This post will tell you about the recent tech layoff in the US.
According to the report, the Tech companies in the United States cuts over 21,000 jobs. This number is only for February month and the overall layoff in all sectors in February month is 77,770. The total layoff in January months is 1,02,943, last month’s layoff is comparatively less. This recent huge number of job cuts in the US has shaken the employees in the tech industry. This is almost 28% of job cuts from the total work force inclusive of all sectors.
The retailing sector has faced 17,456 job cuts and financial firms have laid off 17,235 job cuts, this is increased when compared to the last year. This layoff culture is a real-time stress to all IT company employees. Indian IT firms also frequently plan for layoff to reduce their work heads. Some companies in the IT sector have no plans for layoff because they want to maintain a good relationship with their employees to create better work culture.