What’s driving mass layoffs in the tech sector globally?

The mass layoffs in the tech industry follow close on the heels of the hiring frenzy of Covid-19. But as tech companies seek to lower headcounts to strengthen their balance sheets, the biggest chunk of jobs lost is not in tech-related roles. According to a report by 365datascience, the most laid-off workers, close to 28%, worked in HR and talent sourcing.

Software engineers were second with 22. 1% jobs lost followed by marketing (7. 1%) and customer service (4. 6%) roles. A small portion of layoffs was in the PR, communications and strategy department (4. 4%), per the data available.