Companies across the tech industry have announced layoffs, affecting thousands of workers in the first few weeks of 2023.
Sales at top tech firms have retreated from the blistering pace attained during the pandemic when billions across the world were forced into isolation. Customers stuck at home came to rely on delivery services like e-commerce and virtual connections formed through social media and videoconferencing.
Company officials have often cited economic uncertainty and fears of a recession in their job-cutting, cost-cutting decisions. It follows a volatile 2022, which was also marred with layoffs by the thousands across major tech brands.
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