Tech Layoffs Surge: 150,000 Jobs Lost in 2024
The technology sector continues to endure a wave of layoffs. According to data from Layoffs.fyi, approximately 150,000 individuals have lost their jobs in 2024. Among the companies implementing workforce reductions are some of the industry’s largest players, including Tesla, Amazon, Google, TikTok, Snap, and Microsoft.
Smaller startups have not been spared, with many facing significant layoffs, and some ceasing operations entirely.
The scale of layoffs throughout the year has been uneven, with sharp peaks observed in January and August. The monthly breakdown of layoffs is as follows:
- November: 5,925 employees
- October: 3,659 employees
- September: 3,765 employees
- August: 26,024 employees
- July: 9,051 employees
- June: 10,083 employees
- May: 11,011 employees
- April: 22,423 employees
- March: 7,403 employees
- February: 15,639 employees
- January: 34,107 employees
In total, 529 companies have conducted layoffs this year.
The Layoffs.fyi platform, launched during the COVID-19 pandemic, continues to monitor mass layoffs, providing valuable analytical insights into employment trends within the tech industry.
