Layoffs March 2024. Major players across the sector are still downsizing. Mass layoffs are in store for 2024, and it might end up affecting nearly half of companies, according to a new poll.
Here’s an updated timeline of notable layoffs,. The tech downturn in 2022 led to widespread layoffs that continued throughout last year, when more than 250,000 tech workers lost.
Last Year Was Brutal For The Tech Sector With 1,186 Companies Laying Off About 262,242 Employees In 2023.
Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand.
After Slightly More Than Five Weeks—Or About 10% Of The 52 Weeks In 2024—The Tech Layoffs So Far This Year In The Bay Area Equate To 18% Of The Tech Job.
Major players across the sector are still downsizing.
By Tatiana Bautzer, Lananh Nguyen And Manya Saini.
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Tech Layoffs In 2024 Continue To Hit Hard As We Roll Into March, With Over 153,000 Employees In The Us Let Go So Far, According To Crunchbase.
Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand.
And 2024 Is Off To A Rough.
The tech industry’s wave of layoffs shows no signs of slowing down as we enter the latter half of march 2024.