Tech layoffs in 2024: The layoffs in the tech industry haven’t stopped. Many leading technology companies are once again showing large numbers of employees the way out. As in 2022 and 2023, technology companies are making significant layoffs this year. Tech companies have laid off hundreds of people due to economic pressures and increased use of artificial intelligence. The report shows that 493 technology companies have laid off 1,49,209 employees so far. These include many well-known companies, including Tesla, Amazon, Google, TikTok, Snap, and Microsoft.
Firefox lays off 30% of employees
Many companies in the technology industry have decided to do this due to organizational restructuring, slow revenue growth, and other reasons. Currently, companies such as Mozilla, X (Twitter) and Samsung have laid off many employees. It is said to be the largest layoffs in the past two years. The company that develops the open source Firefox browser has decided to lay off 30% of its employees. The company said the decision was taken to restructure its organization.
X and Samsung are not far behind
Elon Musk’s company has yet to disclose the specific number of layoffs, The Verge reported. At the same time, South Korea’s Samsung also decided to carry out large-scale layoffs. The company has decided to lay off about 10% of its employees from South Asia and Australia.
In addition, large technology companies such as TikTok, Qualcomm, Cisco, and Microsoft have also decided to lay off a large number of employees. Qualcomm recently laid off 1,250 employees. The company laid off a total of 226 employees this time. At the same time, Microsoft also decided to lay off 650 employees. However, Microsoft has laid off employees, especially in its gaming division.
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