Mass layoffs from major industry players have unsettled the economy. This year got off to a rough start with Microsoft, Amazon and Salesforce’s layoffs during the first few weeks of January 2023, which, at this time, rank as the tech sector’s second-, fourth- and fifth-largest layoff events since the pandemic’s onset.

In response to economic pressures, enterprises need to strategize around costs, potentially reduced sales and a possible recession.

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