32K tech workers fired in US this year, over 11K in India

SAN FRANCISCO/NEW DELHI: More than 32,000 tech workers have been laid off in the US till July this year, including at Big Tech companies like Microsoft and Meta (formerly Facebook) and the worst has not been over yet for the tech sector that has seen massive stock sell-off.

According to the data compiled by Crunchbase, more than 32,000 workers in the US tech sector have been laid off in mass job cuts, as of late July.

“We’ve included both start-ups and publicly-traded companies that are based in the US. We’ve also included companies based elsewhere that have a sizable team in the United States, such as Klarna,” the analysis said.

The layoff includes ride-sharing platform Uber, Netflix and several cryptocurrency exchanges and lending platforms. Meta Freezes Hiring for Several Verticals, Mark Zuckerberg Says, ‘No Job Cuts’.

Robinhood, Glossier and Better are just a few of the tech companies that have trimmed their headcount this year.

Since April 1 this year, more than 43,000 workers from 342 tech companies/startups have been laid off across the world and over 13 per cent are from India, according to latest data compiled by layoffs.fyi, a website that tracks layoffs in start-ups.

In India, more than 25,000 start-up workers have lost jobs since the pandemic began — and more than 11,500 have been fired this year.

The layoffs in India are dominated by edtech platforms like Unacademy (1,150 employees), BYJU’S (550 at Toppr and Whitehat Jr) and Vedantu (624), along with ride-hailing platform Ola (nearly 500), healthcare startup MFine (600) and pre-owned cars platform Cars24 (600), among others.

The other Indian start-ups and unicorns that have laid off employees are Meesho, MPL, Trell and Blinkit (now owned by Zomato), among others.

Robinhood, Glossier and Better are just a few of the tech companies that have trimmed their headcount this year