The U.S. tech sector layoffs continue. Tech giants Samsung and Meta were just a couple of the companies that announced sweeping layoffs this week.
More than 106,000 workers in U.S.-based tech companies (or tech companies with a large U.S. workforce) have been laid off in mass job cuts so far in 2023, according to a Crunchbase News tally. That number includes Meta’s 10,000-person cut and SiriusXM‘s 475-person workforce cut.
Last year, more than 140,000 jobs were slashed from public and private tech companies as they were forced to confront rising inflation and a tumultuous stock market. The economy has come to reckon with a culture of overzealous hiring and soaring valuations, and startups are now forced to carry themselves through a frosty market as venture funding becomes barren.
Tech companies as big as Qualtrics, Carta and Verily have slashed jobs this year, citing overhiring during periods of rapid growth. To keep tabs, we’ve compiled a list of recent layoffs announcements from U.S.-based tech companies.
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