Tech Sector Layoffs in 2024: Over 151,000 Jobs Cut as Industry Restructures
In a dramatic turn of events, 542 tech companies have already laid off over 151,000 employees in 2024. Experts attribute these layoffs to over-expansion during the pandemic, a shift towards AI, and ongoing economic uncertainties. While big names like Google, Amazon, and Microsoft lead the headlines, the entire sector is feeling the tremors of this monumental workforce restructuring.
Jan 1