As companies face the brunt of cost optimisation, the gig economy has emerged as a vital solution to variabilise their fixed costs while working with a highly-skilled workforce on a project or milestone basis. Data from Layoffs.fyi reveals that in 2022 alone, 1,64,709 employees were laid off by 1058 tech companies, with more than 2 lakh employees globally facing the same fate in 800 tech companies.
