<ul><li>Over 2.5 lakh tech and startup employees globally have lost jobs in 2023, a 50% increase from 2022. Major companies like Google, Amazon, and Microsoft, as well as smaller startups, have contributed to this trend.</li><li>Data from Layoffs.fyi shows that nearly 1,106 tech companies have laid off 248,974 employees by November 11, exceeding the 2022 total. The average daily layoffs over the last two years are 555, indicating a widespread impact across the tech sector.</li><li>Retail tech and consumer tech experienced the highest layoffs in 2023. Anticipated further layoffs suggest ongoing challenges. Recent announcements from companies like F5, Viasat, and Splunk highlight the tech and gaming sectors' struggles.</li></ul>

Tech firms & startups sack about 2.5 lakh employees so far in 2023

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