As we move into 2024, the tech layoff wave shows little sign of abating. With more than 130,000 job cuts already reported across 457 companies, it is evident that established giants and startups alike are feeling the pressures of the market. High-profile companies such as Tesla, Amazon, Google, and others have made significant workforce reductions in just a few months, highlighting a persistent trend of restructuring across the sector.
The impact of layoffs extends beyond large corporations; smaller startups have also experienced considerable cuts, with some ceasing operations altogether. This trend suggests a broader, systemic issue within the tech industry that requires close monitoring, as it affects not only job security for tech workers but also the overall innovation ecosystem that relies on a vibrant startup landscape.
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