This Article First Appeared In the Economic Times On Apr 10, 2023
Approximately 380 tech companies, including giants like Amazon, Google, and Meta, laid off over 1 lakh employees in the early months of the year 2023. Yet, the fear of further downsizing lingers around in the coming year. The massive layoff scenario has echoes of past recessions, and many are relating it to the dot-com bubble burst and its repercussions on the tech industry – mass job cuts and layoffs.
The Wall Street Journal reported that the layoffs that initially affected the tech sec ..