Tech Layoffs 2024
Tech Layoffs 2024: The phase of layoffs in the tech sector is not stopping. Many leading technology companies have once again shown the exit door to a large number of staff. Like 2022 and 2023, this year too technology companies have made a large number of layoffs. Tech companies have laid off hundreds of people due to economic pressure and increasing use of AI. According to the report, 493 technology companies have laid off 1,49,209 people so far. These include many well-known companies including Tesla, Amazon, Google, TikTok, Snap, Microsoft.
Firefox laid off 30 percent of its employees
Many companies in the tech sector have decided to do this due to organizational restructuring, slow revenue growth etc. Currently, companies like Mozilla, X (Twitter) and Samsung have laid off many of their employees. This is said to be the biggest layoff so far in the last two years. The company making open source Firefox browser has decided to lay off 30 percent of its employees. The company said that this decision is being taken to restructure the organization.
X and Samsung are not far behind
Elon Musk’s company According to the report of The Verge, the details of how many staff have been laid off by the company have not been revealed. At the same time, South Korean company Samsung has also decided to do layoff in large quantities. The company has decided to reduce about 10 percent of the workforce from South Asia and Australia.
Apart from this, big tech companies like TikTok, Qualcomm, Cisco, Microsoft have also decided to fire a large number of people. Qualcomm recently laid off 1,250 employees. This time the company has laid off 226 people. At the same time, Microsoft has also decided to lay off 650 employees. However, Microsoft has reduced employees especially in the gaming division.
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