is it only going to get worse in the upcoming months?
Generally Dec had the highest layoff in some of the orgs, since financial planning happens in Jan with the plan validity till Dec of that year. Now if you are not inline with the original plan, in terms of cost effectiveness, ROI. They end up firing heavily by year end. This year it's strange that they started to fire the shots after December
Some companies got backlash for not letting ppl enjoy Christmas holidays, so they might have shifted a bit
It's a biannual cycle now
Amazon has already made clear of their intent to layoff more employees in 2023. This could be a huge stress signal for all of 2023. Amazon is the only company to probably admit it.
If you follow layoffs.fyi, you can see the number of layoffs happened in Jan 24 is closed to Mar 23. It’s almost been 1.5 yrs since layoffs trend started. UK & Japan went to recession tomorrow.
Either feds revise the interest rate or this AI shit goes to trash. But neither of them are happening before 2025. 🐦😔
https://twitter.com/Megatron_ron/status/1752423099117498813?t=Opv2CVizjmI6VrTKhVEIQA&s=19
Crazy numbers! Didn't know it was happening in large numbers