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These Tech Companies Have Seen The Biggest Layoffs Of <strong>2</strong>0<strong>2</strong>4 So Far | Digg

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These Tech Companies Have Seen The Biggest Layoffs Of 2024 So Far

These Tech Companies Have Seen The Biggest Layoffs Of 2024 So Far
One company is expected to cut 20 percent of its workforce this year alone.
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In the first half of 2024 alone, almost 100,000 people working in the tech industry lost their jobs β€” and the cuts don't show any sign of stopping yet.

To show where employees have been most affected by big tech's layoffs this year, Visual Capitalist analyzed data from Layoffs.fyi and ranked tech companies based on the number of workers laid off in 2024 so far. The figures are current to August 15th.

At the top of the list is computer developer Dell. After cutting 6,000 jobs earlier this year, the company is anticipated to slash a further 20,000, bringing the total number of employees laid off in 2024 to 26,000 β€” that's 20 percent of its workforce.

Ranking second is Intel, whose shares fell to their lowest level since July 1997 after they let go of 15,000 employees this August.

Elon Musk's automotive company Tesla takes the third spot, having downsized by 10 percent after laying off 14,500 workers in two separate rounds in April.

Click image to enlarge

2024 bigges tech layoffs

Found this interesting? Check out the US industries at most risk of layoffs.

Via Visual Capitalist.

Comments

  1. Tomohisa Watanabe 3 days ago

    seems like the tech workers who prided themselves as being too valuable to the companies that were making record profits from their innovations and compensating the workers at historic levels may need to rethink the idea that they don't need to organize just like other workers. they can be laid off just like any other worker and if they don't collectively fight for some leverage, they will find the companies will sacrifice the workers before they sacrifice their profits. don't be fooled by the idea that you're different from the rest of us workers just because they pay you more at the moment or all the perks they include to compete with other tech companies for tech workers. organize if you feel you could have been treated better. organize when you have it good so that they can't just cut severance packages before big layoffs. organize so that you are guaranteed layoff notices that let you prepare your life and responsibilities because trust that the companies knew months in advance what they were planning to do even if they lied and told you nothing until the layoff notices went out.

  2. And yet the Trumpist/MAGA agenda and articles of faith insist on using tariffs at levels not seen since the Corn Laws in Britain in the early 19th century with an eye towards reclaiming past industrial glory within the parameters of "economic freedom with American characteristics," such "born out of the Volk to serve the Volk" at that!

    (At least in theory.)


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