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things are slowing down youre seeing layoffs in many many sectors of the economy there seemed to be a fresh wave of layoffs in the tech industry every single week the worldwide startup ecosystem seems to be defined by a Distributing trend of mass layoffs with at least 54 000 people laid off in the first few weeks of January 2023 this means 1741 layoffs daily it began earlier in the year with startups that are experiencing rapid growth and need to keep up a careful check on their continuous spending and it has now spread to the industry behemoths like meta and Amazon recently it was announced that Amazon is going to terminate the employment of a docHub number of eighteen thousand Germanys sap software business has announced layoffs of 3 000 workers or two and a half percent of its worldwide Workforce lometa has let go of 11 000 workers and I take full responsibility for this decision IBM announced the layoff of approximately 4 000 employees Intel announced over 500 layoffs in it