Tech Layoffs 2024 Overview

Introduction



Tech layoffs in 2024 reflect a continuation of a trend initiated by factors such as COVID-19 and AI integration in previous years.

Despite a significant 8% increase in global IT spending, layoffs persist, painting a contrasting picture against job growth expectations.

January Tech Layoffs 2024

Rent the Runway: Cut 10% of staff, including COO, to achieve profitability.

Twitch: Slashed 35% of employees (500 people).

Google: Laid off over 1,000 employees.

Audible: Let go of around 5% of its workforce (100 employees).

Discord, WayFair, TikTok, eBay, Microsoft, Salesforce, iRobot, Block, PayPal: All participated in layoffs, affecting various percentages of their workforce.

February Tech Layoffs 2024

Zoom: Announced layoffs of 150 staff members (2% of workforce).

Okta: Cut 400 workers (7% of staff).

Various companies including Cue Health, Drizly, Snap, DocuSign, Amazon, Getaround, Cisco, Toast, Buzzfeed, Expedia Group, Bumble, Sony Interactive Entertainment, and Electronic Arts also contributed to the layoffs.

March Tech Layoffs 2024

Dell Technologies Inc: Laid off 6,000 employees for cost-cutting and restructuring.

Synctera: Let go of 17 workers out of 113.

Stash, Inscribe.ai, Meta, Deadspin: Each made significant workforce reductions.

April Tech Layoffs 2024

Amazon: Conducted one of the largest layoffs, affecting hundreds of employees.

ChowNow: Despite revenue growth, laid off 60% of its workforce.

Conclusion

Tech layoffs in 2024, totaling over 32,445 employees, continue to reshape the industry, with major players like Amazon, Microsoft, and Google restructuring or cutting costs.

This summary highlights the widespread impact of tech layoffs in 2024 across various sectors, reflecting ongoing challenges and shifts within the technology industry.







 

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