- Layoffs.fyi reports that 703 startups have cut at least 92,558 jobs since January 1, 2022.
- Layoffs are occurring in the tech sector and in the real estate industry, two of the sectors most impacted by the Federal Reserve’s decision to increase interest rates, with another interest rate hike of between 50 and 75 basis points expected in November.
- And, further, tech sector layoffs rose to more than 44,000, according to TechCrunch.
https://wraltechwire.com/2022/10/25/layoff-watch-job-cuts-top-44000-in-tech-sector-90000-among-startups/