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Evening Standard
Evening Standard
Business
Simon Hunt

Tech firms lay off over 20,000 staff in first ten days of 2023 as downturn bites

Jeff Bezos Amazon

Jeff Bezos’s Amazon has announced one of the largest wave of layoffs so far in 2023

(Picture: Getty Images)

Tech firms have laid off over 20,000 staff in the first 10 days of 2023 as chief executives scramble to find efficiencies amid dwindling consumer demand and plummeting share prices.

Over 30 tech firms have laid off a combined 20,743 staff since the beginning of the year, according to online redundancy tracker layoffs.fyi, adding to the more than 150,000 that were laid off in 2022.

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