Julian Teicke, CEO of $4.5 billion digital insurance company Wefox, has mentioned he’s “disgusted” at tech corporations shedding hundreds of workers, saying “they are humans”.
Teicke advised CNBC he’s “a little disgusted by statements like, ‘never miss a good crisis’ or ‘we have to cut the fat'”.
“These are people that may have quit other jobs to join your business. These are people that may have moved to other places because of you. These are people that may have ended romantic relationships,” the Wefox CEO careworn.
“These are humans,” he added.
Wefox is a Germany-based agency that connects customers looking for insurance with brokers and companion insurers through an internet platform.
“I don’t believe in mass layoffs. We’re going to focus on performance, but not on mass layoffs,” he was quoted as saying.
He mentioned that “CEOs have to do everything in their power to protect their employees. I haven’t seen that in the tech industry”.
As increasingly corporations throughout the spectrum sack workers amid the worldwide meltdown, at least 853 tech corporations worldwide have laid off about 137,492 workers thus far, and the tally is simply going north amid recession fears.
According to knowledge from layoffs.fyi, a crowdsourced database of tech layoffs, 1,388 tech corporations have fired a complete of 233,483 workers for the reason that onset of Covid-19, however 2022 has been the worst for the tech sector.
As of mid-November, greater than 73,000 employees within the US tech sector have been laid off in mass-level job cuts led by corporations like Meta, Twitter, Salesforce, Netflix, Cisco, Roku, and others.
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