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Yes, the tech layoff surge you are feeling is real
January has thus far seen 23,670 known tech layoffs, sourced from 85 known reductions, and hitting tech shops big and small.
At the time we posited that rising tech valuations were taking some pressure off technology concerns, and that large-scale cuts appeared to be losing luster compared to more targeted reductions in total staffing. Brex’s latest layoffs make it plain that even some of the best-known, and most richly funded, upstart tech companies are finding their headcount to be too much. In the latter case, staggered layoffs are a great way to tell workers to quit, so expect total attrition at the search giant to outstrip forced exits.
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