Amid ongoing layoffs, Eventbrite Inc has decided to sack 8 percent of the company’s workforce. As a part of cost-cutting measure, the ticketing service provider has also decided to relocate about 30% of the remaining roles, including moving certain development roles to Spain and India from Argentina and the U.S, Reuters reported.
Moreover, the company asserted that it will shift nearly all the customer support and operations roles to locations beyond the US. Till December 2022, Eventbrite had 881 full-time employees, of which 508 were in the United States and the rest in other locations. The company expects the entire relocation process to be completed by the end of the year.
The year 2023 is set to become the worst year for tech employees as in just two months, 417 companies have laid off more than 1.2 lakh workers globally. In comparison, 1,046 tech companies — from Big Tech to startups — laid off more than 1,61 lakh employees in 2022, as per the data by layoffs tracking site Layoffs.fyi
In January alone, close to 1 lakh tech employees lost jobs globally, dominated by companies like Amazon, Microsoft, Google, Salesforce and others. In total, nearly 3 lakh tech employees have now lost jobs in 2022 and till February this year. As more and more Big Tech companies continue to sack employees, they listed various reasons behind the move — over-hiring, uncertain global macroeconomic conditions, strong tailwinds from the Covid-19 pandemic and more.
