Tech layoffs worldwide 2020-2023, by industry
In 2023, the tech sector experienced a significant number of layoffs, with the retail industry being the hardest hit for the second consecutive year, with over 32 thousand employees laid off that year. Close behind were the consumer and hardware sectors, which witnessed over 30 thousand and 24 thousand layoffs respectively. Overall, the year 2023 marked the highest number of layoffs in the global tech industry since the onset of the COVID-19 pandemic. The first quarter alone accounted for over 167 thousand tech layoffs.
