The tech industry has experienced a significant number of layoffs in 2023, following financial challenges and business missteps. Some notable companies that have implemented layoffs include Spotify, GrubHub, Embracer Group, Sonos, Plex, Shopify, Polestar, SoundCloud, Lyft, Dropbox, Roku, Lucid Motors, Meta, Rivian, Zoom, Yahoo, Dell, and Deliveroo. These layoffs are a result of various factors such as a tough economy, the impact of the COVID-19 pandemic, competition, and the need to cut costs. Companies are making strategic decisions to streamline operations and focus on core business goals amidst uncertain market conditions.
Source link
