The big companies in the sector cut some 76,000 jobs in January alone, half in all of 2022
The bleeding of layoffs in the technology sector seems far from over. After a black 2022 for these companies, the new year has started with even more cuts coming from the manufacturer Dell in the coming days. As reported by Bloomberg, the company is considering the departure of 6,500 employees, 5% of its total workforce, given the collapse in demand for computers following the boom during the pandemic.
The decision marks another setback for an industry that has sinned by considering that its spectacular growth would be maintained forever during the health crisis. Strong demand in 2020 has seen workforce growth virtually unrestrained, with record sales and profits that, with the return to normalcy, have stalled dead over the past year.
Now there’s nothing to do but make adjustments to cut costs and bring templates more in line with the new reality. According to data from the specialized website Layoffs.fyi, which tracks monthly layoffs in the sector, the industry announced the departure of a further 75,916 workers in January alone. That is, almost half of everything registered in 2022.
Computer maker Dell would be next to join a list that ended last year with the loss of some 160,000 jobs in the industry as a whole. As reported by Bloomberg, the company’s vice president, Jeff Clarke, has already anticipated his staff through a statement that market conditions “continue to crumble with an uncertain future.”
The truth is that Dell was one of the few giants yet to announce layoffs in an industry that began accelerating adjustment since last summer, coinciding with the start of rate hikes by central banks to curb inflation that has been filling consumers’ pockets. hit square.
According to statistics, the number of layoffs increased from the 12,500 recorded in May to 18,100 in June and to 52,400 layoffs in November, the worst month of the year in these terms. Everything indicates that 2023 will not be left behind with the almost 76,000 redundancies in just one month.
Among the most notorious in January, the 18,000 layoffs at Amazon, the 12,000 at Google or the 10,000 at Microsoft stand out.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
