• India CSR Awards 2025
  • Guest Posts
Sunday, June 1, 2025
  • Login
India CSR
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
India CSR
No Result
View All Result
Home Around the World

IT Job Losses: Over 100,000 IT Workers Let Go in January 2023

In an effort to improve efficiency, some IT companies are taking steps to reorganize and streamline their operations

India CSR by India CSR
February 5, 2023
in Around the World
Reading Time: 2 mins read
IT Job Losses: Over 100,000 IT Workers Let Go in January 2023

IT Industry Layoffs, Job Losses Worldwide, January 2023 Impact, Major Tech Companies, Global Financial Crisis, Covid-19 Pandemic, Reorganization Efforts, IT Professional Impacts, Technology Job Market, Future Job Opportunities

0
VIEWS
Share Share Share Share

The IT industry has faced significant challenges in the last few months, with mass layoffs affecting nearly 100,000 IT professionals worldwide.


The IT industry has been hit hard in the last few months, with the worst month being January 2023. Nearly 100,000 IT professionals around the world lost their jobs in that month, with some of the largest technology companies, such as Amazon, Microsoft, Google, and Salesforce, being among the 288 businesses that announced layoffs. The number of layoffs varied between companies, with Amazon losing the largest number of employees at 18,000, followed by Google with 12,000 and Microsoft with 10,000. Apple was the only major technology company to not reduce its workforce.

According to data compiled by Layoffs, over 1,000 businesses together let go of 154,336 employees in 2022. This has resulted in almost 2.5 million IT sector job losses since that year. The major IT companies cited various reasons for the mass layoffs, including the global financial crisis, the significant impact of the Covid-19 pandemic, over-hiring, and other factors.

In an effort to improve efficiency, some IT companies are taking steps to reorganize and streamline their operations. For example, Mark Zuckerberg, CEO of Meta, declared 2023 as the “year of efficiency” and laid off 11,000 workers.

The online marketplace OLX Group also laid off 15% of its workers, or more than 1,500 people, as part of its reorganization effort. The edtech company BYJU also laid off 15% of its technical staff.

India CSR
ADVERTISEMENT

These job losses have created a ripple effect throughout the IT industry, and the impact on the job market and the millions of IT professionals affected by these layoffs remains to be seen. The global crisis and economic uncertainty have put many industries and jobs at risk, and the IT sector is no exception.

However, as technology continues to advance and play an increasingly important role in our lives, it’s possible that the IT industry will eventually recover and create new job opportunities.

In brief, the IT industry has faced significant challenges in the last few months, with mass layoffs affecting nearly 100,000 IT professionals worldwide. The reasons behind the layoffs vary, but they are largely tied to global financial and health crises and efforts to improve efficiency. The impact of these job losses on the IT industry and the job market remains to be seen, but as technology continues to evolve and play a crucial role in our lives, there may be new job opportunities in the future.


India CSR offers strategic corporate outreach opportunities to amplify your brand’s CSR, Sustainability, and ESG success stories.

📩 Contact us at: biz@indiacsr.in

Let’s collaborate to amplify your brand’s impact in the CSR and ESG ecosystem.

Tags: COVID-19 pandemicFuture Job OpportunitiesGlobal Financial CrisisIT Industry LayoffsIT Job LossesIT Professional ImpactsJanuary 2023 ImpactJob Losses WorldwideMajor Tech CompaniesReorganization EffortsTechnology Job Market
India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

Related Posts

Market Borrowings of State Governments: Who Borrowed the Most
Articles

Market Borrowings of State Governments: Who Borrowed the Most

1 week ago
0
Novotel Marks One Year of Ocean Sustainability Partnership with WWF
Around the World

Novotel Marks One Year of Ocean Sustainability Partnership with WWF

1 week ago
0
US-China Tariff Truce to Reset Investor Expectations: deVere CEO
Around the World

US-China Tariff Truce to Reset Investor Expectations: deVere CEO

3 weeks ago
0
US Will Stay Out of India-Pakistan Conflict, Says Vice President JD Vance
Around the World

US Will Stay Out of India-Pakistan Conflict, Says Vice President JD Vance

3 weeks ago
0
Omar Abdullah Meets PM Modi: Discusses Pahalgam Attack
Around the World

Omar Abdullah Meets PM Modi: Discusses Pahalgam Attack

4 weeks ago
0
Helsinki Shuts Down Its Last Coal Power Plant
Around the World

Helsinki Shuts Down Its Last Coal Power Plant

2 months ago
0
Elon Musk: 10 Must-Know Facts About the X and xAI Deal 2025
Technology

Elon Musk: 10 Must-Know Facts About the X and xAI Deal 2025

2 months ago
0
2025 Employment Market Trends: Colombia & Latin America Impact on the Global Job Market
Around the World

2025 Employment Market Trends: Colombia & Latin America Impact on the Global Job Market

2 months ago
0
South Africa’s Tourism Minister, Patricia de Lille, to Visit India in December 2024
Around the World

South Africa’s Tourism Minister, Patricia de Lille, to Visit India in December 2024

6 months ago
0
Load More
Next Post
The Videocon Group Scandal: Uncovering the Alleged Money Laundering

The Videocon Group Scandal: Uncovering the Alleged Money Laundering

CSR of Ajanta Pharma Limited: Spent Over Rs. 13 Cr on Social Development

CSR of Ajanta Pharma Limited: Spent Over Rs. 13 Cr on Social Development

India CSR Awards India CSR Awards India CSR Awards
ADVERTISEMENT

LATEST NEWS

USAID Dismantled: How CSR Can Fill the Innovation Funding Gap in India

CSR: Nand Ghar, JSI & Rocket Learning Unite to Transform Anganwadis in Rajasthan

CSR: राजस्थान के धौलपुर में आंगनवाड़ी केंद्रों से शुरू हुआ बाल विकास का नया दौर

Morgan Ventures Invests Rs 14.69 Lakhs in CSR Initiatives for FY 2025

SC Closes L&T Plea as MMRDA Cancels Rs 14,000 Cr Mumbai Infra Tender

Vi Q4 Loss at Rs 7,166 Crore, Plans Rs 20,000 Cr Fundraise for 5G Expansion

HZL HZL HZL
ADVERTISEMENT

TOP NEWS

No Content Available
Load More

Advertisement

Image Slider
content writing services Guest Post Top 5 Reasons to have Sponsored Posts at India CSR – India’s Largest CSR Media stem learning R2V2 Technologies Private Limited

Interviews

Driving Sustainable Impact: An Interview with Himanshu Nivsarkar, Kotak Mahindra Bank
Interviews

Driving Sustainable Impact: An Interview with Himanshu Nivsarkar, Kotak Mahindra Bank

by India CSR
May 22, 2025
0

By Rusen Kumar NEW DELHI (India CSR): Himanshu Nivsarkar, Senior Executive Vice President and Head of CSR & ESG at Kotak...

Read moreDetails
Empowering Women Drivers: An Interview with Balamurugan Thevar, CSR Head at Shriram Finance

Empowering Women Drivers: An Interview with Balamurugan Thevar, CSR Head at Shriram Finance

May 20, 2025
0
Empowering Rural Craft Entrepreneurs: An Interview with N E Sridhar, Titan Company

Empowering Rural Craft Entrepreneurs: An Interview with N E Sridhar, Titan Company

May 15, 2025
0
Empowering Young Innovators Across India: An Interview with Geetaj Channana, the Head of Corporate Strategy at Vivo India

Empowering Young Innovators Across India: An Interview with Geetaj Channana, the Head of Corporate Strategy at Vivo India

April 25, 2025
0
Load More
Facebook Twitter Youtube LinkedIn Instagram
India CSR Logo

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium services, we invite you to partner with us.

Follow us on social media:


Dear Valued Reader

India CSR is a free media platform that provides up-to-date information on CSR, Sustainability, ESG, and SDGs. They need reader support to continue delivering honest news. Donations of any amount are appreciated.

Help save India CSR.

Donate Now

donate at indiacsr

  • About India CSR
  • Team
  • India CSR Awards 2025
  • Partnership
  • Guest Posts
  • Services
  • Content Writing Services
  • Business Information
  • Contact
  • Privacy Policy
  • Terms of Use
  • Donate

Copyright © 2024 - India CSR | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers

Copyright © 2024 - India CSR | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.