At least half of the companies worldwide are planning to lay off people, as per the report
Most are reducing bonuses and rescinding job offers amid the economic downturn
The PwC ‘Pulse: Managing business risks in 2022’ survey in the US says 50 per cent of respondents are reducing their overall headcount
More than 32,000 tech workers have been laid off in the US till July
Including Big Tech companies like Microsoft and Meta (formerly Facebook)
The worst has not been over yet for the tech sector that has seen massive stock sell-off
In India, more than 25,000 startup workers have lost jobs since the pandemic began
More than 12,000 have been fired this year in India