More than 150,000 tech workers lost their jobs in 2022, according to one estimate, and an additional 23,000 have been laid off since the start of 2023.
These workers are not alone. More than 30 million American workers have gone through mass layoffs since the Bureau of Labor Statistics started tracking them in 1996.
The modern era of mass layoffs started with manufacturing workers as the Rust Belt corroded during the 1970s and ‘80s. Then, in the 1990s, white-collar professionals found that their shiny offices were not immune to such disasters.
