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Layoffs are up nearly fivefold so far this year with tech companies leading the way

by Editor April 6, 2023, 1:47 pm 1.9k Views

Layoffs are up nearly fivefold so far this year with tech companies leading the way

Google headquarters in Mountain View, California, US, on Monday, Jan. 30, 2023. Alphabet Inc. is expected to release earnings figures on February 2.

Marlena Sloss | Bloomberg | Getty Images

Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month and a giant acceleration from a year ago, outplacement firm Challenger, Gray & Christmas reported Thursday.

Planned layoffs totaled 89,703 for the period, an increase…

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