Individuals In Technology Sector Laid Off Globally

During the month of May, over 15,000 employees working in the technology sector lost their jobs
throughout the world, as global macroeconomic variables wreaked havoc on businesses, particularly startups. Around 718 businesses have cut off 1.25 lakh employees worldwide after Covid-19 outbreak began. Several cojcerns confront IT businesses, including growing prices and recession fears. Over 6,000 individuals in India have been laid off as part of "restructuring" and "cost-cutting" effort.