Tech Layoffs Surge in 2024: Over 130,000 Jobs Cut

The tech industry continues to grapple with layoffs in 2024. Layoffs.fyi reports over 130,000 job cuts across 457 companies, impacting industry giants like Google, Amazon, and Microsoft, as well as smaller startups. This wave follows significant workforce reductions in 2022 and 2023.

Impact of Layoffs

These layoffs raise concerns about the future of innovation and the increasing role of AI and automation. The shift towards AI is highlighted in articles like Google Gemini: A Comprehensive Guide. The human cost of these job losses is also a significant concern.

Layoff Timeline

  • January 2024: 34,107 employees laid off
  • February 2024: 15,639 employees laid off
  • March 2024: 7,403 employees laid off
  • April 2024: 22,423 employees laid off
  • May 2024: 11,011 employees laid off
  • June 2024: 10,083 employees laid off
  • July 2024: 9,051 employees laid off
  • August 2024: 26,024 employees laid off
  • September 2024: 3,765 employees laid off
  • October 2024: 3,659 employees laid off
  • November 2024: 5,925 employees laid off

For more insights on tech industry trends, see ChatGPT's 2024: A Year of AI Advancements and Challenges.