2024 and 2025 Tech Layoff Wave Continues Across Industry
The tech layoff wave has intensified in 2024, with over 150,000 job cuts across 542 companies tracked by independent layoffs tracker Layoffs.fyi. Large tech giants like Tesla, Amazon, Google, TikTok, Snap, and Microsoft have all conducted significant layoffs this year, while smaller startups have also been hit hard. The trend is likely to continue into 2025, with the company providing a comprehensive list of all known layoffs in the industry.
- As the number of layoffs continues to rise, it's becoming increasingly clear that the shift towards automation and AI will have a profound impact on the workforce, forcing companies to rethink their approach to talent acquisition, retention, and development.
- What role will government regulations play in addressing the growing issue of tech-induced unemployment, and how can policymakers create programs to support workers who are displaced by layoffs?