More than 32,000 tech workers were laid off in the US, and more than 11,000 in India this year


FILE – In this May 18, 2021 photo, a man types on a laptop on a train in New Jersey. Lawmakers, regulators and the Biden administration are expanding the role of tech companies in collecting the personal information of abortion-seeking Democratic lawmakers after the Supreme Court struck down constitutional protections for abortion. (AP Photo/Jenny Kane, File)

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More than 32,000 tech workers have been laid off in the U.S. through July, including at big tech companies like Microsoft and Meta (formerly Facebook), and the worst-hit tech sector is far from over for a massive selloff in stocks. .

According to data compiled by Crunchbase, more than 32,000 workers have been laid off in the US tech sector through the end of July.

“We included both start-ups and publicly traded companies based in the US. We also included companies based elsewhere, such as Klarna, that have a large team in the US,” the analysis said.

The discount ride-sharing platform includes Uber, Netflix and several cryptocurrency exchanges and lending platforms.

Robinhood, Glossier and Better are just a few of the tech companies that have cut heads this year.

Since April 1 this year, more than 43,000 employees have been laid off from 342 tech companies/startups worldwide, and more than 13 percent of them are from India, according to the latest data compiled by offs.fyi, a website that tracks startup layoffs.

In India, more than 25,000 entry-level workers have lost their jobs since the outbreak began — and more than 11,500 have been laid off this year.

The layoffs in India include Unacademy (1,150 employees), BYJU’S (550 at Toppr and Whitehat Jr) and Vedantu (624), ride-hailing platform Ola (nearly 500), healthcare startup MFine (600) and pre-owned cars. Platform Cars24 (600), among others.

Indian startups and unicorns that have laid off employees include Meesho, MPL, Trail and Blinkit (now owned by Zomato), among others.



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