• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Over 17K tech workers were laid off since the beginning of June

Over 17K tech workers were laid off since the beginning of June

Over 17K tech workers were laid off since the beginning of June

As of the beginning of June, more than 17,000 tech workers in the United States (US) have been laid off in mass job cuts, according to a tally by Crunchbase News.

Some companies cited the effects of the COVID-19 pandemic as the reason for the mass layoffs. Meanwhile, other companies are saying that they have overheard during periods of rapid growth.

Tech companies as big as Netflix, Robinhood, Glossier, and Bette are just a few of the notable companies that trimmed their headcount in 2022.

Startups—especially the ones that benefited from a pandemic boom—are starting to feel the pressure too with valuations starting to dip. Several companies have said that it’s much more difficult to raise new funding in this environment.

In a report by Nearshore Americas, the declining demand for digital services is visible in the stock markets. The tech-heavy Nasdaq Composite Index has shrunk more than 23% this year.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image