After utilizing Power BI tool to filter and analyze data, I found notable insights on global layoffs:
- Survey Sample: 1,471 companies participated.
- Layoff Peaks:
- 2022: 127,452 layoffs
- 2023: 158,178 layoffs
- Comparatively, 2020 had 60,960 layoffs and 2021 had 6,490 layoffs.
- Monthly Trends:
- No seasonal pattern observed.
- Significant spikes in November 2022 (49,556 layoffs) and January 2023 (66,579 layoffs), over 8 times the monthly average.
- Geographical Impact:
- Top countries: USA (70.76%), India (6.87%), Germany (5.97%), Sweden (3.22%), UK (2.73%).
- Top cities: SF Bay Area (36.29%), Seattle, New York City, Bengaluru, Stockholm.
- Industry Impact:
- Highest layoffs: Retail (12.14%), Consumer, Transport, Food, Finance.
- Lowest layoffs: Manufacturing, Aviation, Law, AI.
- Major companies affected: Amazon (18,000), Google (12,000), Meta (11,000).
- Company Stage:
- Post-IPO companies had the most layoffs (195,409, 55% of total).
Overall, the global layoff wave began in early 2022, driven by economic crises, cost-cutting, and organizational restructuring, particularly impacting companies in the Post-IPO stage.
