Tech Layoffs Plunge 42% in 2024, Signaling Industry Rebound
The tech industry sees a dramatic 42% drop in layoffs in 2024 compared to the previous year, with only 151,000 jobs lost. Major players like Intel, Microsoft, and Tesla still made cuts due to restructuring but at a slower rate. High interest rates and low consumer spending from 2023 were key culprits for past layoffs, but the new numbers suggest a shift towards recovery and stability.
Jan 2