How 2023 may become the worst year in the history of the tech world

It’s not been a great beginning for some IT pros in the year 2021. The technology industry globally has been ravaged by job cuts. The first 15 days of the year so far have reportedly seen 91 companies lay off over 24,000 tech employees. The outlook too is not very promising. Many reports signal worse days ahead. In India too, large consumer internet companies are moving fast to rein in costs and are planning additional job cuts as 2023 begins on a cautious note, as per multiple sources and investors.

Startups in India cut jobs amid funding winter
Companies like Ola (which fired 200 employees), voice automated startup Skit.ai, dominated the headlines in January. In December last year, over 17,000 tech employees were shown the door.

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