Tech Layoffs Drop by 42% in 2024: Are We Finally Seeing Stability?
In a surprising turn, the tech industry has witnessed a 42% decrease in layoffs for 2024. With only 152,000 workers affected, down from 264,000 the previous year, companies appear to have completed major restructuring. While Meta's decision to cut workforce by 5% is a notable exception, the overall trend suggests improved economic stability, strategic hiring, and tech sector performance. But is this reduction in layoffs here to stay?
Jan 18