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.
The massive number of tech layoffs is believed to be the result of the industry rightsizing after over-hiring workers during the pandemic, when business boomed….