Attack on 22000 employees in America!

Sindujaa D N
Due to the corona epidemic, there is a shortage of employment. Employees are falling like quail. Everyone's working pattern has changed after Corona. Along with the culture of work from home..learning from home, online service companies and start-up companies have sprung up. In the last two years of the corona period, all the jobs were done online. Right now, the employees are going to the offices. It is worrying that the cases are increasing again.
It has been reported that all types of industries, starting from IT companies, are giving priority to digitization. But Russia's war on ukraine changed the situation. As the prices of various commodities have gone up, key interest rates have also gone up. As a result, the world economy is stuck in the grip of economic depression.
22,000 IT professionals lost their jobs in America due to economic recession. This recession effect is having a severe impact on the superpower. 12 thousand IT professionals working in startup companies in india have also become unemployed.

Startups that benefited during the height of the Corona pandemic are now facing pressure on their value. Startups are finding it difficult to raise new funds in a discouraging environment.
Already internationally, financial services companies such as Netflix, Robin Hood, many crypto platforms have cut their staff. The situation in the crypto world has turned into chaos. Crypto exchanges such as Coinbase, gemini Crypto.com, wanted Bitbit, Bit Panda and others have announced layoffs due to the financial collapse. Pokemon Go game developer Niantic has asked 8 percent of its staff to leave the company.
Elon Musk, the world's biggest billionaire, has announced that he is cutting 10 percent of his workforce at his electric car maker, Tesla. Many startups have already sent around 12,000 employees home. industry experts say that some start-up companies will lay off at least 50,000 people in this one year in the name of reorganization and cost-saving measures.

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