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Tech layoffs in 2022: A timeline

Technology companies this year have been hit with global economic turbulence that is slowing growth and leading to widespread layoffs, even as some segments of enterprise spending on IT seem to be holding steady.

According to TrueUp’s tech layoff tracker, there have been 1138 rounds of layoffs at tech companies globally so far this year, affecting 182,605 people.

When global economic headwinds started picking up earlier in the year, many technology companies reacted to fears of an incoming recession by putting the brakes on hiring. The bad news is—amid rising interest rates, the ongoing war in Ukraine, high fuel costs, supply chain issues, and a decline in personal PC sales—most of those freezes have since been accompanied by job cuts, as companies look for ways to reduce operating costs.

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Source:: Computerworld