As of June 23, the technology sector is experiencing significant layoffs, with over 98,000 employees already affected in 2024. Big tech companies are using layoffs as a tool to boost stock prices, making them vulnerable to disruption. A technology startup has fired over 80% of its employees after failing to secure funding. Additionally, technology employment in California decreased further in May, highlighting the widespread impact on the industry. Asia's tech startups have also been hit hard by layoffs.
California technology employment decreased further in May #MacroEdge https://t.co/SmC9ZThIM8
👀 Layoffs hit Asia's tech startups hard. Who got hit the most? https://t.co/wh9jcxrOPv https://t.co/vBvfIHEw0v
Layoffs galore in tech companies! Over 98,000 already handed pinks slips so far in 2024 – Details https://t.co/nXB5EjULGt
This technology startup has fired over 80% of its employees after failing to secure funding https://t.co/KMfpLYCqpX
saw this shift happen almost overnight at my last employer. big tech companies using layoffs as a tool to boost stock prices are incredibly vulnerable to disruption right now https://t.co/owdLO0SzYu