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