The technology sector is experiencing a significant wave of layoffs in 2024, with job cuts extending beyond just tech companies. High-profile layoffs have been reported across various companies, including Twitch with 35% of its workforce, Roomba at 31%, Hasbro and LA Times each cutting 20%, Spotify reducing by 17%, and Levi's and Xerox each letting go of 15% of their employees. Qualtrics also reduced its workforce by 14%. In total, approximately 32,000 tech workers have been laid off this year, indicating a continuation of the downsizing trend from the previous year. The layoffs have also affected major companies like Amazon and Snap, with Snap cutting over 500 jobs.
Tech layoffs this week: Job cuts continue at Amazon; Snap cuts over 500 jobs, and other layoffsin tech industry https://t.co/1T1DryMQuP
Tech layoffs this week: Job cuts continue at Amazon; Snap cuts over 500 jobs, and other layoffs in tech industry https://t.co/1T1DryMQuP
So far some 32,000 tech workers have lost their jobs in 2024 as the industry pares back even further after widespread layoffs last year https://t.co/ddcQJae6do
The past few weeks of layoffs: π 1. Twitch: 35% of workforce 2. Roomba: 31% of workforce 3. Hasbro: 20% of workforce 4. LA Times: 20% of workforce 5. Spotify: 17% of workforce 6. Levi's: 15% of workforce 7. Xerox: 15% of workforce 8. Qualtrics: 14% of workforce 9.β¦
Job cuts spill beyond tech sector https://t.co/apJTpygmPY https://t.co/qE6HhO19MI
2024 tech job market be like https://t.co/eDFRwz8riu