STATE OF TECH EMPLOYMENT Tech Company Headcount Large Tech Companies Employees 2019-2023 2019 -2022 Source: 2023 Layoffs At Big Tech Companies by Crunchbase News Source: 2023 Layoffs At Big Tech Companies by Crunchbase News 250K Amazon Microsoft 200K Meta 150K Alphabet Alphabet 100K Meta Microsoft 50K Salesforce Salesforce Headcount Increase (2019-2022) Headcount Decrease (2022-2023) 0K 2019 2020 2021 2022 Additionally, while tech companies were clearly letting people go in 2023, it was not necessarily tech workers being the ones looking for new employment. Internal recruitment teams, HR and marketing were hit harder as opposed to tech roles. Where FAANG Talent is Going Next Source: State of Talent Report 2023 Takeaways by SignalFire ENGINEERS WHO LEFT 6.4% FAANG FOR EARLY APPLE STAGE STARTUPS 3% ANG 175 engineers 79% of tech FA 27.8% PRESEED workers laid off HIRED AT 1% in 2023 found ANOTHER AMAZON/AWS 60 engineers their next job in 3 FROM FAANG MICROSOFT 9.3% ENGINEERS LAIDOFF 4.5% 590 engineers SEED months or less. 7 269 engineers 2.1% 127 engineers GOOGLE SERIES A 11% 3.3% 18,98 652 engineers 196 engineers None of this is to diminish the number of layoffs that many had to deal with in 2023. Estimates put the number of tech workers laid off at over 230,000. Those are people who had to deal with the uncertainty of trying to 昀椀nd a new position while reading article after article about how the industry is crumbling. What the middle of 2023 showed is the resiliency of the IT industry and the people inside it. 05