Tech Layoffs in 2024 Affected Over 1 Lakh Employees Between January Till June, Startup Layoffs Halves Compared to Last Year for Same Period: Reports
Tech layoffs in 2024 impacted over 1,00,000 jobs since the beginning of 2024. The startup sector witnessed reduced numbers of job cuts compared to the last year.
Mumbai, July 31:슬롯 머신 사이트 추천Tech layoffs and layoffs at startups have concerned those who relate to the sectors. This year, tech giants have adopted different strategies to cut jobs to control their expenses, restructure their businesses, or for other reasons such as slowing demand, business closure, automation, etc. Most tech layoffs were announced in 2024슬롯 머신 사이트 추천due to restructuring슬롯 머신 사이트 추천their businesses.
Startups have grown significantly in India and are ready to adopt technological advancements such as AI and automation. However, the sector has struggles of its own which leads to the companies reduce the headcounts. Comparatively, startups witnessed슬롯 머신 사이트 추천fewer jobs cuts in 2024 than 2023. Still, the rising startups슬롯 머신 사이트 추천were struggling슬롯 머신 사이트 추천to cut nearly half of the jobs compared to last year's numbers.슬롯 머신 사이트 추천Tinder Layoffs: Online Dating App Parent Company Match Group To Lay Off 6% Employees Amid Activist Investors Seek Changes.
Global Tech Layoffs in 2024 Affected슬롯 머신 사이트 추천Thousands of Jobs
Starting in슬롯 머신 사이트 추천January, the global tech companies have laid off thousands of people that also affected people in India or Indian-origin people working abroad.슬롯 머신 사이트 추천The tech layoffs were implemented largely due to the restructuring exercise. According to a layoff tracking website, Layoffs. fyi,슬롯 머신 사이트 추천nearly 1,09,297슬롯 머신 사이트 추천employees have been laid off so far in 2024 by the 380 companies. UKG,슬롯 머신 사이트 추천Microsoft, Google, Tesla Automotive, UKG, and PwC were the most notable companies that reduced their workforces.
Electronic vehicle maker Fisker filed for bankruptcy last month, Rivial began cutting employees, and edtech companies, such as Paytm, announced major plans to reduce their workforce. Unacademy laid off 250 people, and BYJU's cut 500 people.
Startup Layoffs슬롯 머신 사이트 추천in India Reduced in 2024 Compared to 2024
In India, startup layoffs were reduced from January to June 2024 compared to the same time last year. From the beginning of 2024 to June 2024, the job cuts in the startup sector affected around 11,250 people, according to a슬롯 머신 사이트 추천슬롯 머신 사이트 추천by슬롯 머신 사이트 추천LiveMint.슬롯 머신 사이트 추천During the same time, in 2023, Indian startups laid off슬롯 머신 사이트 추천around 21,000 employees. The numbers suggest that the workforce reductions슬롯 머신 사이트 추천halved this year.슬롯 머신 사이트 추천Intel Layoffs: US-Based Tech Giant To Reduce Significant Workforce by Cutting Thousands of Jobs as Part of Efforts To Save Cost.
The report슬롯 머신 사이트 추천cited ET commenting슬롯 머신 사이트 추천that the intensity of the job layoffs and the number of people were reduced. It further said that despite reducing startup layoffs, the sector would have yet to wait to see슬롯 머신 사이트 추천good days. The hiring in슬롯 머신 사이트 추천the industry has improved since 2023; however, layoffs슬롯 머신 사이트 추천are still around the corner as the major tech슬롯 머신 사이트 추천companies, including Paytm, Flipkart, BYJU's, Healthify, Unacademy, and others, laid off several employees.
(The above story first appeared on LatestLY on Jul 31, 2024 01:14 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).