The tech layoff wave of 2024 has resulted in over 130,000 job cuts across 457 companies, showing both major and minor players drastically reducing their workforces.
These layoffs serve as a stark reminder of the human impact behind workforce reductions, especially as companies shift focus towards AI and automation, potentially jeopardizing jobs once deemed secure.
By tracking the ongoing layoffs in the tech sector, we can begin to understand how these changes are influencing innovation and competitive dynamics within both established and emerging firms.
The tech industry, with significant layoffs recorded in 2024 from major companies to startups, reflects a grim landscape where job security is increasingly uncertain and innovation could be at stake.
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