As many as 123,882 employees at 454 tech companies have lost their jobs as of March 6, 2023, according to layoffs tracking site Layoffs.fyi. 

The job losses in the first 65 days of 2023 have already reached 76.75% of the layoffs seen in 2022. A total of 1,048 tech companies laid off 161,411 employees last year.   

The job cuts include those carried out in major companies like Zoom (123), Groupon (101), Sono Health (142), and Color Health (126) in February 2023.   

As many as 219 companies globally laid off more than 68,000 employees in January 2023. These included job cuts in tech giants like Google, Microsoft, Amazon, SAP, Spotify, TikTok and IBM.  

"We're now on the other side of the hiring frenzy of the pandemic years," Andrew Challenger, a labour expert and Senior Vice President of Gray & Christmas Inc., told Reuters recently.  

He added that companies are preparing for an economic slowdown by cutting workforce and slowing down on hiring. 

(Editing by Cleofe Maceda; Cleofe.maceda@lseg.com)