Despite the spectre of mass layoffs in a few sectors, global recessionary fears and inflationary pressures, many people are jumping jobs more than ever
Tech Layoffs: After Meta, Google, Amazon, Microsoft and other tech giants, iPhone-maker may start laying off employees now. Apple employees have been reportedly asked to reapply for their jobs or else they will be fired. A total of 553 tech companies have laid off 1,66,004 employees employees so far this year. Watch this Business Today Visual Story to know about tech layoffs in 2023.
IT major Accenture announced 19,000 job cuts on Thursday. This comes in as the company lowered its growth and profit projections in its earnings call amid recessionary fears and global headwinds. Indian IT companies, like TCS, Infosys, Wipro, Tech Mahindra, and others, have also been sharing similar management commentary since the past few quarters. Does this mean similar cutbacks can also be expected at Indian IT majors?
Accenture has announced 19,000 job cuts, joining the likes of Google, Amazon, Meta in IT layoffs this year. A total of 518 tech companies have laid off 1,71,858 employees between January 1 and March 23 this year. Watch this Business Today Visual Story to know about tech layoffs in 2023.