As of October 2024, 476 tech companies have laid off more than 141,467 employees in 2024, according to Layoffs.fyi. In 2022 and 2023 combined, 428,449 people working for tech companies were laid off. The overall labor sector appeared strong in 2022 and into 2023, but the tech sector la...
Will there be more layoffs in 2024? The tech layoff trend started after the pandemic when companies employed numerous people due to more resources and better organization. However, when COVID-19 began to slow down, tech giants realized they couldn’t support the increasing number of workers and...
After two years of massive layoffs at IT companies, 2024 was expected to be a year of recovery for the IT industry. While there are early signs of that, with global IT spending expected to increase 8% to cross $5.1 trillion in 2024 according to Gartner, jobs continue to be impacted in ...
January saw the brunt of it, with nearly 90,000 reported job cuts across companies like Google, Amazon, and Microsoft. YearJanuary LayoffsTotal Layoffs 2022 510 164,969 2023 89,809 262,242 2024 (YTD) 10,963 10,963 Note: Data current up to January 23th, 2024. So far in 2024, in an...
In 2025, 19 companies have laid off some 5,200 workers, according to layoffs.fyi., which tracks job cuts in the tech industry.
Tech layoffs in 2024 started within the video game space—at Discord, Unity, and Twitch. As the year has progressed, other companies are also cutting jobs in the thousands. We rank the biggest tech layoffs in 2024 by the number of workers affected in each company. Data is sourced from La...
Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines. In the last year, more than 70,000 people globally have been laid off by ...
Breakings · Feb 15, 2024 07:23 CISCO-T 0.00% CSCO -0.50% Cisco Systems announced on Wednesday that it plans to lay off 5% of its workforce, or about 4,250 jobs, making it the latest technology company to announce layoffs in 2024. The company's stock price plummeted 9% after the ...
The double whammy of two big layoffs in two years has been a phenomenon affecting other prominent technology companies, such asGoogleandAmazon, both of which have trimmed their once-steadily growing payrolls multiple times since the end of 2022. ...
Updated on: January 25, 2024 / 5:15 PM PST / CBS San Francisco As widespread layoffs continue to sweep the tech industry, many workers are looking beyond Silicon Valley for their next step. In 2022, Nancy Correa's life took an unexpected turn when suddenly, like so many others, she was...