Total Layoff In 2024. Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand. In january alone, 121 companies downsized their workforce by 34,007 individuals.
The latest cuts in q1. Last year’s job cuts weren’t the end of layoffs.
Based on layoffs.fyi, in april 2024, 50 companies laid off 21,473 employees.
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According to data compiled by layoffs.fyi, the online tracker keeping tabs on job losses in the technology sector, 1,186 tech companies laid off about 262,682 staff in 2023,.
A total of 57,785 employees have been laid off in q1 2024.
