Layoffs higher in US tech industry – St Louis Fed
Data shows layoffs in “information industry” were up over 65% compared with April 2022
Analysis by the Federal Reserve Bank of St Louis finds tech sector layoffs have largely outpaced overall firings in the US economy since April 2022.
December and October 2022 saw the greatest relative firings in the “information industry”, which the St Louis Fed tracks, and which overlaps substantially with the tech industry. May was the only month since April 2022 that saw fewer overall firings in the information industry relative to the broader economy.
Tech layoffs have changed the make-up
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