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More than 75,000 tech-sector employees have lost their jobs since the start of the year

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More than 75,000 global technology-sector employees have been laid off in the first few weeks of 2023, according to data compiled by the website Layoffs.fyi.

The website’s tally of global tech layoffs so far this year has tripled in the last two weeks.

The data suggest that 2023 is on pace to surpass 2022 for global tech redundancies, with 234 tech companies laying off 75,912 employees in the first few weeks of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.

Also read: More than 68,000 global tech-sector employees have lost jobs in 2023: layoff-data tracker

Layoffs.fyi was set up by San Francisco–based startup founder Roger Lee to track layoffs during the COVID-19 pandemic. Lee is the co-founder of Human Interest, a digital 401(k) provider for small businesses, and Comprehensive, an employee-compensation platform.

Major U.S. tech companies are firmly in the layoffs spotlight. Last week both International Business Machines Corp. 
IBM,
+0.68%

and SAP
SAP,
+2.54%

 announced layoffs. And earlier this month, Google parent Alphabet Inc. 
GOOG,
-2.74%

GOOGL,
-2.45%

confirmed plans to lay off about 12,000 workers globally, while Intel Corp. 
INTC,
-0.75%

said it was slashing hundreds of jobs in Silicon Valley.

Microsoft Corp. 
MSFT,
-2.20%

also confirmed plans to cut about 10,000 positions. Earlier reports from Sky News and Bloomberg had indicated that the software maker was preparing to make cuts.

Now read: Spotify joins Google, Intel, Microsoft, Amazon, Salesforce and other major companies laying off thousands of people

Spotify Technology
SPOT,
-2.19%

has also joined the list of companies making layoffs this year. In a filing with the Securities and Exchange Commission, the streaming service said it was reducing its workforce by about 6%, which translates to about 588 jobs.

Earlier this month, Coinbase Global Inc.
COIN,
-8.49%

announced it would eliminate 950 jobs in an effort to cut costs.

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Jacob Keiter is a husband, a writer, a journalist, a musician, and a business owner. His journey to becoming a writer was one that was paved with challenges, but ultimately led him to find his true calling. Jacob's early years were marked by a strong desire for creative expression. He was always drawn to music, and in his youth, he played in several bands, chasing the elusive promise of fame and success. However, despite his best efforts, Jacob struggled to find the recognition he craved. It wasn't until he hit a low point in his life that Jacob discovered his love for writing. He turned to writing as a form of therapy during a particularly difficult time, and found that it not only helped him to cope with his struggles, but also allowed him to express himself in a way that he had never been able to before. Jacob's writing skills quickly caught the attention of others, and he soon found himself working as a journalist for The Sun out of Hummelstown. From there, he went on to contribute to a variety of publications, including the American Bee Journal and Referee Magazine. Jacob's writing style is reflective of traditional journalism, but he also infuses his work with a unique voice that sets him apart from others in his field. Despite his success as a writer, Jacob also owns another business, JJ Auto & Home, which specializes in cleaning. Jacob's commitment to excellence is evident in all of his endeavors, whether it be in his writing or in his business ventures. Today, Jacob is the author of two books and continues to inspire others through his writing. His journey to becoming a writer serves as a reminder that sometimes our darkest moments can lead us to our greatest achievements.

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