– Tech Layoff Mania Sparks 200,000 Job Cuts As New Grads Pursue Careers On Wall Street:
One month ago, we cited a job recruiter who was asked if the tech layoff cycle was over. Her response was, “We are definitely not done yet.” This brings us to the latest data that shows 200,000 tech jobs have been lost since the beginning of the year.
According to the jobs tracking website Layoff.fyi, 199,047 jobs from 702 tech firms have been slashed in the last five months. The pace at which firms are hemorrhaging jobs every month is worsening.
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