Layoffs in 2023: list of companies that have announced job cuts amid economic downturn

After the pandemic boom of a few years, technology companies ended 2022 with a bleak outlook. Across the sector thousands of jobs were cut to correct the over-hiring of the Covid period, and brace for, what experts call, a period of slower growth for the sector.The layoff wave has swept not only startups and mid-sized firms, but also big tech companies such as Amazon, Microsoft, and Google parent Alphabet, among others. So far, 219 tech companies have laid off 68,149 employees in 2023, according to tracking site Layoffs.fyi.SAP and IBM are among the companies that have joined the layoff bandwagon more recently in a bid to rein in the costs amid a looming global economic downturn.Here is a list of major companies that have announced layoffs:IBM Corp – The software and consulting firm said it will lay off 3,900 employees. The company also forecast annual revenue growth in the mid-single digits on constant currency terms, weaker than the 12% it reported last year, as pandemic-led demand for digitizing businesses has given way to cautious spending by clients amid rising recession fears.Spotify – Music streaming service Spotify is cutting 6% of its workforce, or roughly 600 roles. CEO Daniel Ek announced
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