The massive tech worker layoff, which started in 2022 and has extended into 2023, has led to more than 200,000 employees being let go and has many examining its effect on the U.S. job market.
“More than 66,000 workers in U.S.-based tech companies have been laid off in mass job cuts so far in 2023, according to a Crunchbase News tally, and the year is just getting started,” reported Keerthi Vedantam for CrunchBase. “Last year, more than 140,000 jobs were slashed from public and private tech companies as they were forced to confront rising inflation and a tumultuous stock market.”