Joseph F. Kovar
Tech layoffs for 2022, which have risen to levels not seen in recent years as many tech companies struggled to find employees, were already announced in January. The number of tech layoffs shows that the situation will only grow in 2023.
2023: Tech layoffs continue
2022 has come to be known as the year dozens of tech companies began laying off thousands of employees, even though many struggled to attract qualified IT talent. I was. And 2023 appears to be following the same pattern, with various tech companies cutting headcount.
By 2023, 200 tech companies have laid off a total of 59,448 workers, according to layoff tracking website Layoffs.fyi.
The official U.S. unemployment rate is 3.5% as of December 2022, reaching its lowest level in 10 years in February 2020, just before the start of the COVID-19 pandemic. Even better, according to CompTIA, the technology industry unemployment rate was just under 2.0% as of December. However, CompTIA also reported a decline from a January 2022 peak of around 400,000 to around 250,000 in December.
Layoffs can be tough for those who received the pink slip, but not all are hopeless and bleak. In the tech industry, companies, at least the big ones, usually offer retirement packages that include weeks to months of salary and months of insurance premiums to help you find a new job.
[Related: Tech Layoffs In 2022: 23 Companies Slashing Their Workforce]
Moreover, many companies, not considered “technology companies” in the traditional sense, rely on improving their IT capabilities to meet the needs of their customers, leaving these workers unemployed for a long time. may not.
The Los Angeles Times reported Wednesday that the bursting of the dot-com bubble in the early 2000s brought more experienced tech workers, especially software engineers, into the job market and fueled a new wave of IT spending. This could happen again, as newly liberated technology personnel have more flexibility to move to smaller technology companies or others looking to expand their IT capabilities.
CRN has compiled a list of tech companies that have laid off employees since January 1st of this year. Note that this list is primarily focused on companies focused on his B2B IT sector and does not include layoffs at consumer-focused companies such as Spotify. It also does not include technology layoffs by companies that are not typically considered technology companies but may have laid off some of their IT employees.
Click the slideshow to see the list of tech companies that have started layoffs in the first quarter of 2023. CRN continuously updates this list.
Wade Millward, Mark Haranas, David Harris, Kyle Alspach, Gina Narcisi, and Rick Whiting contributed to this story.