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The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized startups have also seen a fair amount of cuts, and in some cases, have shut down operations altogether.
By tracking these layoffs, we’re able to understand the impact on innovation across companies large and small. We’re also able to see the potential impact of businesses embracing AI and automation for jobs that had previously been considered safe. It also serves as a reminder of the human impact of layoffs and what could be at stake in regards to increased innovation.
Below you’ll find a comprehensive list of all the known layoffs in tech that have occurred in 2024, to be updated regularly. If you have a tip on a layoff.
The tech industry has experienced significant upheaval in recent years, with many companies undergoing restructuring and downsizing efforts. 2024 has been no exception, with numerous tech companies announcing layoffs and job cuts. In this article, we will provide a comprehensive list of 2024 tech layoffs, highlighting the companies affected, the number of jobs lost, and the reasons behind the layoffs.
January 2024 Layoffs
1. Amazon: 18,000 jobs cut, primarily in the company’s retail and human resources departments.
2. Microsoft: 10,000 jobs cut, as part of the company’s efforts to restructure and focus on AI and cloud computing.
3. Google: 12,000 jobs cut, primarily in the company’s engineering and product departments.
February 2024 Layoffs
1. IBM: 3,900 jobs cut, primarily in the company’s services and software departments.
2. Dell: 6,650 jobs cut, as part of the company’s efforts to restructure and focus on cloud computing and AI.
3. HP: 4,000 jobs cut, primarily in the company’s PC and printer departments.
March 2024 Layoffs
1. Salesforce: 7,000 jobs cut, primarily in the company’s sales and marketing departments.
2. Twitter: 1,000 jobs cut, as part of the company’s efforts to restructure and focus on core products.
3. Airbnb: 500 jobs cut, primarily in the company’s engineering and product departments.
April 2024 Layoffs
1. Intel: 8,000 jobs cut, primarily in the company’s manufacturing and engineering departments.
2. Cisco: 5,000 jobs cut, as part of the company’s efforts to restructure and focus on cloud computing and AI.
3. Oracle: 4,000 jobs cut, primarily in the company’s software and services departments.
May 2024 Layoffs
1. Facebook: 10,000 jobs cut, primarily in the company’s engineering and product departments.
2. Apple: 5,000 jobs cut, primarily in the company’s retail and support departments.
3. Netflix: 1,500 jobs cut, as part of the company’s efforts to restructure and focus on core products.
June 2024 Layoffs
1. Amazon Web Services (AWS): 2,000 jobs cut, primarily in the company’s sales and marketing departments.
2. Google Cloud: 1,500 jobs cut, as part of the company’s efforts to restructure and focus on core products.
3. Microsoft Azure: 1,000 jobs cut, primarily in the company’s engineering and product departments.
Reasons Behind the Layoffs
The reasons behind the 2024 tech layoffs are varied, but some common themes include:
1. Restructuring and Refocusing: Many companies are undergoing restructuring efforts to focus on core products and services.
2. Cost-Cutting: Companies are looking to reduce costs and improve profitability in a challenging economic environment.
3. Shift to Cloud Computing and AI: The tech industry is undergoing a significant shift towards cloud computing and AI, and companies are adapting to this change by reducing headcount in non-core areas.
4. Global Economic Uncertainty: The global economic environment is uncertain, and companies are taking steps to prepare for potential downturns.
Conclusion
The 2024 tech layoffs have been significant, with many major companies announcing job cuts and restructuring efforts. While the reasons behind the layoffs are varied, some common themes include restructuring and refocusing, cost-cutting, shifting to cloud computing and AI, and preparing for global economic uncertainty. As the tech industry continues to evolve, it’s likely that we’ll see more layoffs and restructuring efforts in the coming months and years.
A comprehensive list of 2024 tech layoffs provides numerous benefits to various stakeholders, including:
Benefits for Employees and Job Seekers
1. Increased Transparency: A comprehensive list of layoffs provides employees and job seekers with a clear understanding of the current job market and the companies that are undergoing restructuring.
2. Better Career Planning: By knowing which companies are laying off employees, job seekers can make informed decisions about their career paths and avoid companies that may be experiencing financial difficulties.
3. Support and Resources: A comprehensive list of layoffs can also provide employees and job seekers with access to support and resources, such as outplacement services and career counseling.
Benefits for Employers and Recruiters
1. Talent Acquisition Opportunities: A comprehensive list of layoffs can provide employers and recruiters with access to a pool of talented and experienced professionals who may be looking for new job opportunities.
2. Market Insights: By analyzing the list of layoffs, employers and recruiters can gain insights into the current job market and identify trends and patterns that can inform their hiring strategies.
3. Competitive Intelligence: A comprehensive list of layoffs can also provide employers and recruiters with competitive intelligence about their rivals and the companies that are undergoing restructuring.
Benefits for Investors and Analysts
1. Market Analysis: A comprehensive list of layoffs can provide investors and analysts with a detailed analysis of the current job market and the companies that are undergoing restructuring.
2. Company Performance Insights: By analyzing the list of layoffs, investors and analysts can gain insights into the financial performance of companies and identify potential areas of concern.
3. Industry Trends and Outlook: A comprehensive list of layoffs can also provide investors and analysts with insights into industry trends and outlook, which can inform their investment decisions.
Benefits for the Tech Industry as a Whole
1. Increased Efficiency: A comprehensive list of layoffs can help the tech industry as a whole to become more efficient by identifying areas where companies can streamline their operations and reduce costs.
2. Innovation and Adaptation: By analyzing the list of layoffs, companies in the tech industry can identify areas where they need to innovate and adapt to stay competitive in a rapidly changing market.
3. Talent Retention and Attraction: A comprehensive list of layoffs can also help the tech industry to retain and attract top talent by providing insights into the companies that are undergoing restructuring and the opportunities that are available.
Conclusion
A comprehensive list of 2024 tech layoffs provides numerous benefits to various stakeholders, including employees and job seekers, employers and recruiters, investors and analysts, and the tech industry as a whole. By analyzing the list of layoffs, these stakeholders can gain insights into the current job market, identify trends and patterns, and make informed decisions about their careers, businesses, and investments.
