In 2024 alone, tech layoffs have reached 60,000 across 254 companies, highlighting the ongoing volatility within the tech industry as major firms restructure their workforces.
The trend of layoffs reveals a significant shift in the tech workforce, where companies are embracing AI and automation, potentially endangering jobs previously deemed secure.
The human cost of these layoffs cannot be understated, as thousands of employees face uncertainty and disruption while companies pivot towards more innovative solutions.
Among the notable layoffs, Sonos, Cisco, and Tally have made significant cuts, with startups like Tally shutting down operations entirely after exploring all options.
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