In 2024, tech layoffs have already reached 60,000 across 254 companies, marking a continuation of workforce reductions from the previous two years.
The ongoing layoffs, including significant cuts at major companies like Tesla and Amazon, indicate a shift towards AI and automation, raising concerns over job security.
Smaller startups are not immune to the layoffs, with some shutting down completely, showcasing a broader trend in the tech industry.
These layoffs highlight the impact on innovation, as companies realign their workforce in response to economic pressures and technological advancements.
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