In 2024, over 150,000 layoffs occurred across 542 companies, signaling a continued downturn in the tech sector following significant cuts in the previous years.
The persistence of job cuts across large corporations like Tesla and Google, as well as smaller startups, highlights the widespread nature of the tech industry's challenges.
Tracking layoffs helps to reveal the broader implications for innovation within tech firms, particularly as AI and automation begin replacing traditionally secure jobs.
The trend of layoffs serves as a critical reminder of the human impact on employees and the broader economic landscape as businesses adapt to change.
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