As AI takes off, many workers are losing their jobs. All over the world, one after another, the employees of various companies are getting laid off. In the current year i.e., in 2023, more than 4.25 lakh IT workers have lost their jobs across the world. Recently, when such a report came out, there was a sensation about it.
According to a recently published report, more than 4.25 lakh workers have lost their jobs due to the retrenchment in information technology companies around the world till December 26 this year.
As reported in the recent report, 260,771 workers have been laid off from 1,178 IT companies. Where, 164769 workers from 1061 companies lost their jobs in 2022. If you calculate it, it can be seen that every day 582 workers around the world were laid off from their jobs on an average. The statistics show that retail-tech, consumer-tech and fintech are the largest workforces. Recently, 1 thousand workers lost their jobs from Paytm. The report revealed that this decision was taken by Paytm to reduce costs.
Social media platform ShareChat also employs many workers. ShareChat recently laid off 200 employees. Which is said to be 15 percent of the company’s total workforce. Game streaming platform Loco has also recently laid off a number of employees. It is reported that 36 percent of the company’s workforce is out of a job. Byju’s has recently laid off many workers. 4 to 5 thousand workers got retrenched from Byju’s.
All in all, the retrenchment process that started from the end of 2022 across the world, continues at the end of 2023. In this process, many people have startled to see the statistics that many people are losing their jobs all over the world.