<ul><li>In 2023, global layoffs surged by 58% compared to 2022, reflecting ongoing economic uncertainties and adjustments from pandemic-related overhiring.</li><li>Layoffs.fyi data reveals 1,175 tech companies cut 260,509 jobs, a 57.8% increase from the 164,969 job cuts in 2022.</li><li>Amazon led with 17,000 layoffs, followed by Google, Meta, and Microsoft. In India, Byju's topped the list, releasing 3,500 employees, followed by Unacademy, ShareChat, Swiggy, Ola, and Physics Walla.&nbsp;</li><li>Experts predict the trend will persist, attributing the dynamic job market to a mix of domestic challenges and global factors. The job market in 2023 presents challenges for both employers and job seekers.</li></ul>

Layoffs in 2023 were 58% higher than in 2022; Experts say trend to continue

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