Posted by Alumni from TechCrunch
April 15, 2024
The tech-wide reckoning that began in 2022 and ran throughout into 2023 has continued into this year. And while 2024's losses are not at that scale, they're still significant, driven by big names like Pixar, Google, Microsoft, Mozilla and TikTok. It remains to be seen if this year's layoff trends follow last year's, in which layoffs slowed down in the summer, before cuts began ramping up yet again toward the winter. Momentum for a tech sector rebound remains slow to build, outside of bright spots within artificial intelligence and adjacent companies, resulting in tech companies continuing to cut back on their workforces and pivot from a growth mindset to one based on efficiency in the face of stubborn market conditions. But tracking these layoffs helps us to understand the impact on innovation, which companies are facing tough pressures and who is available to hire for the businesses lucky to be growing right now. Unfortunately, it also serves as a reminder of the deeply human... learn more