During the Corona period, IT companies have given priority to protecting employees by offering them work from home. But after the corona has completely subsided, all the IT companies are lining up and getting ready for layoff, which is disturbing everyone. Surprisingly, big companies are ahead of everyone else in terms of layoffs.Layoff has been going on in IT companies for the last year. It has become sad that this streak continues in the new year. Google has already shocked 12,000 employees by simultaneously announcing a layoff. Earlier, amazon officially announced that 18 thousand people, microsoft also 10 thousand people, and Meta 11 thousand people have been fired.
This list includes Facebook, Twitter, Intel, OLX, ibm and other companies. Thousands of employees working in these companies have already been sent home. Recently, another prominent tech giant joined this list. It seems that yahoo is ready to lay off 20 per cent of its employees. yahoo is rumored to be laying off more than 20 per cent of its workforce as part of a restructuring of its ad tech unit. The layoffs are expected to affect about 50 per cent of Yahoo's ad tech workforce or more than 1,600 people.
According to a Washington Post report, more than 2 lakh IT employees have been fired in America since november last year. Statistics show that about 30 to 40 per cent of them are indian IT professionals. This caused some confusion among the indian IT employees. With this, comments are being heard that the IT boom is a bit of a bubble.