Even in the year 2023, the phase of retrenchment in jobs is not taking its name. PayPal, HubSpot and HarperCollins companies have announced layoffs. After this announcement, the employees are bound to be upset.
Amid fears of a recession, tech companies around the world, including Microsoft and Google, are doing layoffs. According to the data, on an average, more than 3,400 tech workers per day have been laid off globally in January. According to data shared by layoffs tracking site Layoffs.fyi, 219 companies have laid off over 68,000 employees so far in January.
According to a report, 3 out of 4 Indians are afraid of losing their jobs. It is significantly higher in the rich class (32 percent), in the age group of 36-55 years (30 percent) and in the salaried class (30 percent). According to the survey, more than half of business economists expect a recession of 50 percent or more next year. This means that there will be more layoffs in 2023.