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According to reports, nearly 2 lakh jobs were lost in major tech companies in 2023

Massive layoffs in the global tech industry in 2024 with over 2 Lakh jobs lost; Here’s the reason

Since the global spread of the virus, countries had imposed a strict “lockdown” forcing companies, industries, and MSME’s to completely shut their operations. International borders were closed and airlines were grounded, resulting in a complete halt on the import and export industry/ sector simultaneously.

Scoop For Thought: The effect of the coronavirus on Jobs

New jobs for professionals in the hotel/restaurants, ticketing/travel/airlines and marketing/advertising/MR/PR sectors witnessed a dip of 51 per cent, 48 per cent and 33 per cent, respectively.

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Massive layoffs in the global tech industry in 2024 with over 2 Lakh jobs lost; Here’s the reason

Scoop For Thought: The effect of the coronavirus on Jobs

Coronavirus horror: After job cuts, hiring freeze set to kill a million dreams in India