Announced YTD Layoffs

Based on this Wall Street Journal article here are the layoffs that have been announced so far in 2023:

Company Number
Microsoft 10,000
Unity Software 284
Verily Life Sciences  200
Amazon 18,000
Salesforce 7,900
Vimeo 130
Goldman-Sachs 2,000
BlackRock 500
Stitch Fix 400
Coinbase 950
Genesis 120
Crypto.com 800

Other major employers, e.g. McDonalds, have announced layoffs in unspecified numbers.

Some of those numbers may seem small but the tech sector is a lot smaller than you might think with as much attention as it receives. I think that the sector is getting a double whammy between the layoffs and the burgeoning effect of low-code/no-code. When you consider that a very large percentage of those in our colleges and unis pursuing STEM degrees are either studying computer sciences or life sciences, the ripple effects could be significant.

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