How tech layoffs are causing havoc for Indian workers in US
NEW DELHI: With persistent fears of global recession, constant monetary policy tightening and weak consumer demand has forced many companies in the United States to layoff workers as a cost cutting measure.
Since the beginning of 2023, a string of job cuts have been witnessed, especially in tech firms like Alphabet, Amazon, Meta and more. Layoffs have also been seen in multiple other sectors like banking, finance, retail.
The scenario is particularly tough for foreign workers living in the US on H-1B visas reserved for “high skilled” occupations.