Why Tech Companies Are Going For Mass Layoffs

By Ankit Garg


During the pandemic companies went to increase their output to meet the market requirements.  

Pandemic Boom

As the demand is coming back to pre-Covid levels these companies are cutting down their costs by closing down low-performing projects  

Fear Of Recession

The war has also contributed to these layoffs as it has made the market more volatile. 

Russia-Ukraine War

Rising inflation has also impacted several world economies severely leading to a crisis in the job market as well. 


Thanks for watching