The beginning of 2024 has been marked by a significant wave of layoffs across the United States, particularly impacting the technology and financial sectors. In January alone, 107 tech companies have cut a total of 29,375 jobs, according to Layoffsfyi, representing the highest number of layoffs in the tech industry since the previous March. The financial sector is also experiencing substantial job cuts, contributing to a combined total of 39,000 jobs slashed in both industries, hitting a 10-month high. These layoffs have reached a three-quarter high, as reported by TechCrunch, and have been described as a brutal start to the year for the Bay Area's tech workforce.
January 2024 saw the most layoffs in more than 10 years https://t.co/jMsuBje36K
Tens of thousands face job cuts in 2024 at these companies https://t.co/dte2gQcVU5
Tens of thousands face job cuts in 2024 at these companies: https://t.co/OGSsYOcuOy https://t.co/8fKo1R84Rg
January ended with nearly 30,000 tech workers laid off, the most since last March https://t.co/I0rKrQWvFQ
The first month of 2024 showed record layoffs. Here's the latest: https://t.co/t2td8pOOUW
Layoffs Hit 10-Month High As Financial And Tech Companies Slash 39,000 Jobs https://t.co/l3myLagAox https://t.co/G3WZW6mg7h
Financial companies are leading the job cuts that we've seen so far this year https://t.co/k7MufQXbfN
#Update: During the first month of 2024, 107 tech companies cut 29,375 jobs. -@Layoffsfyi
Tech layoffs scale to three-quarter high: https://t.co/1KVgq1yPcd by TechCrunch #infosec #cybersecurity #technology #news
Tech layoffs scale to three-quarter high https://t.co/pgHWi2VQF6
Several hundred more tech layoffs jolt Bay Area as brutal 2024 worsens https://t.co/H5LaU4IbDE
2024 has already seen tons of companies announce major layoffs Any surprises? https://t.co/ywXP0SF3Ci
US financial giants shedding jobs in 2024 https://t.co/1PfsVD6o3z https://t.co/4WEvFWZt7j