Layoff Tracker 2024. The second half of 2024 saw continued layoffs across the tech sector, with major companies like ibm, cisco, and microsoft significantly reducing their. Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand.

Use the charts to analyze the 60,000+ layoff events in. When much of human activity moved online during the height of the pandemic, tech companies were thriving.