American Tech Sector Continues to Bleed as Layoffs Jump 200 Percent in May

American Tech Sector Continues to Bleed as Layoffs Jump 200 Percent in May
An Amazon Go store signage in New York City, on April 29, 2022. Michael M. Santiago/Getty Images
Naveen Athrappully
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The technology sector in the United States continued to lay off more workers in May, with job cuts nearly tripling from April, according to latest data.

In May, the tech sector laid off 19,072 employees, which is an almost 200 percent jump from the 6,469 layoffs announced in April, technology magazine IEEE Spectrum reported, based on data obtained from AI startup Intellizence. So far this year, the tech sector has fired 174,303 workers. Since August 2022, when the tech downturn became more visible, more than a quarter million tech workers have been let go by firms.

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