In January, 1,600 tech employees were fired a day on average

In 2023, there will be an average of more than 1,600 layoffs of IT workers worldwide, including in India. The pace of these firings has accelerated due to concerns about an impending recession and the global economic catastrophe.

More than 500 employees of the locally based social media firm ShareChat (Mohalla Tech Pvt Ltd) were affected by the 20% layoff of its staff caused by a shaky market.