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Some of the layoffs are occurring despite profitable quarters and strong outlooks.
August 3, 2022
Oracle, Microsoft and Qumulo are among businesses in the channel that have shed workers since the start of 2022. Most are part of a cost-cutting strategies and/or business transformation. Our latest layoff tracker has all the details.
Geopolitical uncertainty and economic indicators pointing to an impending recession have prompted a number of tech employers to cut back on their existing workforces and freeze hiring. Furthermore, some of the layoffs are occurring despite profitable quarters and strong outlooks.
Displaced workers could find new opportunities. Last month, CompTIA said hiring activity for technology workers remains on an upward trajectory, countering reports of layoffs and reaffirming tech’s essential role in powering the nation’s economy. Technology industry companies added 20,300 net new workers in June, the 19th consecutive month of employment growth.
Still, an increasing number of channel businesses are handing out pink slips as signs of an economic slowdown mount. As of late July, more than 32,000 workers in the U.S. tech sector have been laid off this year. That’s according to a Crunchbase News tally.
Scroll through our layoff tracker below for a recap of cuts that have occurred this year.
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