The tech sector has seen an alarming rate of layoffs in 2024, with over 130,000 job cuts across 457 companies, highlighting the ongoing struggles in the industry.
The layoffs in tech not only signify cost-cutting measures but also reflect a shift towards AI and automation, potentially reshaping job landscapes and innovation.
Notable companies like Tesla, Amazon, Google, and Microsoft have made significant layoffs early in 2024, marking a continuation of workforce reductions from previous years.
Smaller startups are also affected, some shutting down completely, demonstrating that the impact of these layoffs extends beyond just large corporations.
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