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This is week 21 of our report of job losses, and with each passing week, the losses grow larger.
Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses.
Nearly 1,000 tech companies have laid off more than 150,000 workers this year, surpassing the entire amount of tech jobs lost during the Great Recession through 2008-2009. 65,000 tech jobs were lost in 2008 and a similar amount in 2009.
- Goldman Sachs announced an 8 percent cut in January, impacting 4,000 employees
- Monocyte cut 40 percent of its workforce
- New Jersey City University to cut 30 jobs
- Freshworks will layoff an unknown amount
- Chargebee shrunk 10 percent
- Amazon is closing a fabric warehouse affecting 219 workers
- NCLH cut 9 percent of its shoreside staff affecting 300
- Xiaomi will cut 50 percent of its workforce next week, affecting 700
- flyExclusive cut 55 jobs
- Twitter’s infrastructure division is experiencing layoffs
- TuSimple Holdings Inc. will layoff 700 next week
- AT&T will lose 200 workers
- SonderMind cut 50 jobs
- Axcella Therapeutics to slash 85 percent of payroll
- Apollo will shrink 15 percent
- Austin Radiological Association is experiencing layoffs
- World Wide Technology is reporting an unknown amount of cuts
- Headspace Health cut 50 staff or 4 percent
- BigCommerce Holdings shrunk 13 percent cutting 170
- Tech Firm Landing undergoes it’s second round of cuts
- ChowNow lost 40 staff
- Renown Health cut 45 in information technology
- The Washington Post announced more cuts for 2023
- City of Ogdensburg NY cut 5 positions
- Packers Sanitation Services Worthington Plant cut 121 jobs
- Wolverine World Wide announced possible cuts
- GoStudent cut 100 jobs
- Trulieve McKeesport growing facility experienced an unknown amount of layoffs
- Quanergy is Sunnyvale lost 72 staff
- Intel cut another 181
- 72andSunny lost 84 jobs
- Cortiva Seed/Pesticide lost 51 staff
- Novartis cut 285 people