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There were some 262,682 tech industry layoffs recorded in 2023, per Layoffs.fyi data, after 164,969 cuts the previous year. Pandemic demand recoils as AI anxiety takes hold
So far this year, there have been 837 tech companies conducting layoffs (with a total of 216,328 jobs lost), per layoffs.fyi. In April, Dropbox also said it was laying off 16% of its workforce ...
Some 212,294 workers in the tech industry have been laid off in 2023 alone, according to data tracked by Layoffs.fyi, already surpassing the 164,709 recorded in 2022.
A spate of tech companies have conducted layoffs in recent months. Meta, ... All this comes, Galloway notes, as the tech industry has seen stellar business results.
In 2024, the tech industry witnessed a significant increase in layoffs, with companies like Google, Amazon, Meta, and Cisco announcing job cuts. While AI is a contributing factor, economic downturns and cost-cutting measures often influence such decisions. Automation's role in the IT industry has been a topic of discussion.
Since the start of the year, media, tech and video gaming industries have been hit hard by layoffs. Microsoft cut 1,900 employees across Xbox and Activision Blizzard.
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [17]
Spotify is the latest of Big Tech's sector leaders to lay off workers in droves. To date, tech's biggest names have slashed more than 50,000 jobs. To date, tech's biggest names have slashed more ...