In 2024, major tech companies, including Microsoft and IBM, have collectively laid off over 100,000 jobs.
In the latter half of 2024, tech companies, including Microsoft and IBM, have continued significant layoffs, surpassing 100,000 jobs lost. In September, 30 firms cut 3,765 jobs, a decrease from August's 27,065 layoffs. Major announcements included Northvolt reducing 25% of its workforce, Microsoft letting go of 650 in its gaming division, and Udemy cutting 20% of its staff. Despite these layoffs, an increase in entry-level positions is expected in FY25.
October 01, 2024
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