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Most WordPress professionals managed to escape 2022’s round of tech layoffs, which primarily affected venture capital-funded startups and larger companies that had overhired during the economic upswing that came with pandemic precautions being lifted in many places. Mass layoffs hit Meta, Peleton, Stripe, Carvana, and more during the last half of 2022.
Tech layoffs have continued relentlessly in 2023, with major players like PayPal, Spotify, Google, Microsoft, Coinbase, Salesforce, and Amazon cutting tens of thousands of workers in January. This round of layoffs seems more brutal than the last, as it hits more close to home for WordPress professionals.
Layoffs.fyi, a layoffs tracking website, has logged 376 tech companies with total of 107,930 employees laid off. Both the number of companies and number of employees laid off in January were the highest they have been over the past year.