Tech layoffs are still going ham for 2024 with no sign of stopping so far, and nearing levels seen in 2022 already.
The year 2023 saw the most layoffs in the tech industry so far with over 260 000 people losing their jobs.
2023 remains the year with the most layoffs in the tech industry so far, even compared with 2022. Over 260 000 job cuts were experienced that year. For instance, in 2024 so far Elon Musk’s Tesla has laid off roughly 10 percent of its workforce, around 14 500 employees. In January, SAP, a German multinational software company based in Walldorf, shed over 8 000 employees, about seven percent of its workforce.
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