Apart from the economic crunch, the massive layoffs in the tech industry have been traced to the need for strategic shifts towards emerging technologies like artificial intelligence (AI).
The global tech industry has recently witnessed a wave of layoffs triggered by the COVID-19 pandemic and the harsh economic climate.
According to a report by Business Financing UK and data analysed by Layoffs.fyi, the biggest tech company layoff events globally in the last four years were isolated in different countries and continents based on the number of employees laid off by a company and the period.
