Oracle Cloud

Global tech sector records over 1.63 lakh layoffs this year to date

The report from TradingPlatforms said enterprise software accounted for roughly 8.14 per cent of the total job cuts, making it the fifth most affected tech subsector after Cloud and SaaS (37,492 layoffs), e‐commerce and marketplaces (22,633), IT services (16,756) and social media (13,592).

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The report from TradingPlatforms said enterprise software accounted for roughly 8.14 per cent of the total job cuts, making it the fifth most affected tech subsector after Cloud and SaaS (37,492 layoffs), e‐commerce and marketplaces (22,633), IT services (16,756) and social media (13,592).

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