In September, layoffs decreased by nearly half compared to the previous month.
The tech industry shed 4,632 employees in the month alone.
Globally, the sector wiped out 13123 employees in September, with 7,614 in the US, according to a report by LayoffsTracker.
Read More: Wells Fargo To Lay Off More Than 500 South Carolina Staff
Retail and consumers are the top two tech industries most hit by layoffs this year.
Companies such as Roku, Google, and Snap, which had already let go of employees last year and earlier this year, announced further job cuts.
The UAW strike by autoworkers resulted in General Motors and Stellantis eliminating 2,000 jobs.
UK companies like Wilko, Deloitte, THG, Tata Steel, and Asda also downsized their workforce.
Read More: Ford And GM Cut 500 Factory Workers Due To UAW Strike
On a positive note, the country created tens of thousands of jobs through major companies like Lidl, BMW, Aldi, EY, Target, and UPS.
Following significant layoffs earlier in the year, US giants Salesforce and Amazon also plan to add 3,300 and 1,000 jobs in the country.
The banking giant Goldman Sachs plans to terminate underperforming employees, with the cuts expected to occur in late October.
When London City banks push for office return, the LGBTQ+ dating app Grindr faces mass staff departures following a return-to-office mandate.
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Here’s who’s hiring and firing in March 2023.
JOB CUTS, SEPTEMBER 2023
- Nexperia Newport plans to cut 100 jobs
- Roku to cut 360 jobs as costs continue to rise
- Wilko to close all 400 stores with 12,000 job losses
- Deloitte to cut over 800 jobs in the UK in cost-cutting restructure
- Google starts job cuts in recruiting division
- THG cuts 500 staff as shares plummet with a £133 million loss
- Cisco to cut 350 jobs in the latest round of layoffs
- GM and Stellantis slashed over 2,000 workers because of UAW Strike
- WNYC parent to cut 12 percent of jobs due to ad market challenges
- Centene announces 2,000 layoffs
- Snap to cut 170 jobs in AR division
- Fortnite maker Epic Games lays off 870 employees
- Asda to eliminate 37 jobs in major restructuring
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RECRUITMENT ANNOUNCEMENTS
- Global glass fabricator to bring 335 jobs to Virginia
- Lidl to create 1,500 new jobs for its Bedfordshire warehouse
- BMW’s investment in Oxford plant means 4,000 new jobs
- Majestic Wine to hire 200 employees ahead of Christmas
- EY’s expansion in Northern Ireland will create 1,000 jobs
- Salesforce plans to hire 3,300 employees following earlier layoffs
- Tissue maker to create more than 400 jobs in East Yorkshire
- Target to recruit 100,000 workers for holiday season
- Harry Potter movie firm to bring 4,000 jobs to UK in expansion drive
- Currys to start festive season hiring for 1,100 roles
- Aldi announces £1.4 billion expansion to create 6,000 jobs
- Amazon brings over 1,000 jobs to Virginia with new facilities launch
- Airbus to create around 1,100 high-tech jobs in the UK
- UPS to hire 100,000 seasonal workers with better pay
