In 2024, the technological sector witnessed a significant wave of dismissals, with approximately 150 thousand people losing their jobs. According to the data from Layoffs.fyi, major industry players like Tesla, Amazon, Google, Tiktok, Snap, and Microsoft were among the companies that carried out layoffs. Even smaller startups were not spared, with some being forced to cease operations.
Throughout the year, the scale of dismissals varied, with notable peaks in January and August. Here is a breakdown of the number of employees laid off each month:
- November – 5925 employees
- October – 3659 employees
- September – 3765 employees
- August – 26024 employees
- July – 9051 employees
- June – 10083 employees
- May – 11011 employees
- April – 22423 employees
- March – 7403 employees
- February – 15639 employees
- January – 34107 employees
A total of 529 companies implemented workforce reductions over the course of the year. The Layoffs.fyi resource, established during the Covid-19 pandemic, compiles data on mass dismissals in the tech industry and offers valuable analytical insights.