2024 Layoffs Tech. The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023. Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand.
January saw the brunt of it, with nearly 90,000 reported. The tech downturn in 2022 led to widespread layoffs that continued throughout last year, when more than 250,000 tech workers lost their jobs.