In 2024, the tech industry faced a continuation of the layoff wave, resulting in over 150,000 job cuts across 542 companies, including giants like Tesla, Amazon, and Google. Startups also struggled, with some shutting down entirely. As layoffs increasingly correlate with the implementation of AI and automation, concerns grow about job security and the innovation landscape. The tracking of layoffs will continue into 2025, helping to illustrate emerging trends and their implications for the workforce and broader tech industry dynamics.
The tech layoff wave continued through 2024, affecting over 150,000 employees across 542 companies, including major players like Tesla, Amazon, and Google.
This ongoing trend highlights the potential human cost of layoffs and raises concerns about innovation as companies embrace AI and automation.
By tracking these layoffs into 2025, we aim to understand their impact on the tech industry's workforce and innovation landscape more clearly.
Smaller startups have also faced significant challenges, with some shutting down operations entirely amidst the wave of job cuts.
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