By 2024, approximately 32,000 tech workers will be out of work.
These cuts come after a series of layoffs in 2023 in response to overhiring during the pandemic, according to Bloomberg. report Monday (February 5), citing the following data: layoff.fyi.
However, the job cuts in 2024 will be smaller and more targeted than in previous years. roger leeThe founder of Layoffs.fyi stated in the report:
In addition to companies taking corrective actions to cope with the hiring surge during the pandemic, the race for artificial intelligence (AI) talent is contributing to layoffs in other areas, the report says. It is said that there is
Citing data from industry groups, the report said the number of jobs requiring AI skills increased by about 2,000 from December to January, reaching a total of 17,479. Comptia. This highlights the growing demand for AI talent in the technology industry, prompting companies to realign resources and streamline operations.
Despite continued layoffs, the technology industry remains resilient and optimistic about recovery. The number of active job openings increased significantly in January, indicating a recovery in employment, according to the report.
However, the market remains uncertain; bert beanCEO of a staffing agency Insight GlobalThe report said it expects this uncertainty to continue for the next two quarters until the Federal Reserve takes action to lower interest rates.
This news will arrive in 4 days Challenger, Gray and Christmas The number of people laid off was as follows. Technology department January was the highest for the sector since May.
According to the global outplacement, business and executive coaching firm, tech companies cut a total of 15,806 jobs in the month, second only to the 23,238 job cuts made by financial companies in January. It came in second place.
One of the recent announcements is dismissal came from the parent company of snapchat. snap said on monday filing with securities and exchange commission (SEC) announced that it plans to lay off 10% of its full-time employees.
“To best position our business to deliver on our top priorities and ensure our ability to invest incrementally to support our growth over time, we are restructuring our team. “We have made this difficult decision,” the application states.
