Laid-off techies struggle to find jobs with cuts at highest since 2001

Allison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of looking for a job right now: Insane.

Everybody else is also getting laid off, said Croisant, who lives in Omaha, Nebraska, where she worked remotely for PayPal.

Her sentiment is reflected in the numbers. Since the start of the year, more than 50,000 workers have been laid off from over 200 tech companies, according to tracking website Layoffs.fyi. It s a continuation of the predominant theme of 2023, when more than 260,000 workers across nearly 1,200 tech companies lost their jobs.

via www.cnbc.com