In the wake of massive layoffs across the technology sector, thousands of skilled professionals find themselves navigating a fiercely competitive job market, facing uncertainty and economic challenges reminiscent of the dot-com crash of 2001, according to recent findings from CNBC.
A reported 50,000 workers from over 200 tech companies have lost their jobs since the beginning of the year, according to Layoffs.fyi, with no end in sight for continued losses.
The recent downsizing wave has affected industry giants like Alphabet, Amazon, Meta and Microsoft, along with numerous other firms including eBay, Unity Software, SAP, and Cisco.
Even tech behemoths like Google have not been immune, with hundreds of positions being eliminated in recent months.
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