Since the beginning of the year, global IT companies have cut more than 139,000 employees.

According to the Layoffs.fyi, the figure has more than tripled since mid-January. The number of layoffs in the tech sector at the end of the current year is predicted to exceed last year’s figure significantly. In 2022, 1,024 companies laid off 154,340 employees. Additionally, this week Meta Platforms Inc. announced plans to lay off another 10,000 people as part of a cost-cutting program. In November, the company eliminated more than 11,000 employees. Companies that have announced layoffs this year include U.S.-based Palantir Technologies, Twilio Inc., DocuSign Inc., Salesforce, Zoom, eBay, Dell Technologies, PayPal, IBM, Intel, Microsoft, Alphabet, Germany’s SAP, and Sweden’s Spotify.