#1: Tech Industry and Channel Layoffs

The industry was definitely shaken this fall by layoffs. If we had ranked our stories on job cuts individually in this countdown, seven would have made this list.

Instead, we’ll simply tell you that Oracle, Salesforce, Avaya, OneTrust, Intel, 8×8, Cisco, Nextiva, Lacework and Asana — all companies that do business in the channel — let go of anywhere between 5% and 20% of their staff in the waning months of 2022. And keep in mind, those are just some of the ones that we covered at Channel Futures. There were also many more at tech companies around the globe.

The reasons for most of the cuts were “restructuring” as many companies planned for what could — or might not be — a considerable recession in 2023.