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https://www.bestbrokers.com/stock-brokers/2024-tech-layoffs-over-200000-jobs-slashed-globally-since-january/>
"Last year, the tech industry faced a brutal wave of layoffs, with 167.6
thousand employees losing their jobs in the first three months alone, exceeding
the total number of layoffs for all of 2022. This trend of job cuts has
continued into 2024, driven by economic challenges, high interest rates, and
rapid advancements in artificial intelligence, showing no signs of slowing
down.
To illustrate the scale and distribution of global tech layoffs as of this year
so far, the team at BestBrokers analysed over 800 layoff announcements from the
technology sector tracked by the IT job portal trueup.io. We organised the
layoffs in the database by company and country of headquarters, identifying the
companies that have slashed the most jobs since January 2024.
Our findings reveal that a total of 211,033 employees have been laid off across
more than 194 tech companies worldwide since the start of 2024, with firms such
as Dell, Intel, and Tesla leading the cuts. While major tech players from
countries like China (12,900 laid off employees), Germany (12,547 laid off
employees), Japan (12,240 laid off employees), and India (8,560 laid off
employees) have all made significant workforce reductions, U.S.-based
corporations top this year’s layoff list with a staggering 120,283 job cuts,
accounting for over half of the global total."
Via Esther Schindler.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
