Tech Titans Trim Workforce: 2024 Layoffs Affect Over 151,000 Employees
In an unprecedented wave of layoffs, the tech industry witnessed 542 companies slashing around 151,484 jobs in 2024. Giants such as Tesla, Intel, Dell, Microsoft, and Meta led the charge towards workforce reduction. These layoffs are fueled by economic pressures, a shift towards AI, and strategic resections in response to overhiring during the pandemic. The impact is stirring public debate on corporate responsibility and the future of AI in job markets.
Jan 2