Tech Layoffs in 2024 Continue to Expand Brutally and will Continue the Same Trend in 2024
In a continuing trend, tech titans such as Apple, Microsoft, Dell, and Amazon have announced more job cutbacks in 2024 as part of restructuring plans.
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The tech industry continues to struggle with layoffs, with fresh job cutbacks reported every month. So far, 237 IT businesses have laid off 58,499 people in 2024. Companies such as Apple, Microsoft, Dell, and Amazon are all continuing to restructure and reduce their personnel despite having let off thousands of people last year in major layoffs. While the first quarter of 2024 saw short periods of employment cutbacks, April seems to be no exception.
Apple
Apple has stated that it will lay off roughly 600 staff, largely in California, following the termination of its ambitious automobile project and the Apple Watch Ultra with MicroLED display. The layoffs were part of a larger operational restructuring at the Cupertino-based corporation. According to Bloomberg’s Mark Gurman, 371 people were laid off at Apple’s main car-related workplace in Santa Clara, with other layoffs taking place at different satellite locations.
The impacted individuals were apparently working on projects relating to next-generation screen development and autonomous car technologies. However, because engineers from these projects were scattered throughout many sites, including Arizona, the actual number of job cuts may be higher than stated.
Microsoft
Microsoft is now undergoing a massive restructure under the direction of Jared Spataro, with a focus on improving its Copilot AI technologies while also simplifying resources for its Teams chat program. However, Business Insider says that part of this restructure includes worker layoffs targeted at improving the company’s AI skills.
Amazon
Amazon has announced layoffs for hundreds of employees in its AWS cloud computing division as part of a restructuring. The move reflects Amazon’s strategic adaptation to shifts in application usage. Despite the job cuts, AWS is actively seeking internal opportunities and hiring in other areas. Employees affected in the US will receive pay, benefits, and severance packages.
Byju’s
Indian ed-tech startup Byju’s has announced a new round of layoffs, affecting around 500 employees. The company is addressing financial challenges and is focusing on simplifying operations, reducing costs, and improving cash flow management. Around 240 affected employees are employed in Byju’s Tuition Center operations.
Dell
Dell also recently implemented major layoffs as part of its cost-cutting efforts. According to Reuters, the company’s headcount has reduced from 126,000 to about 120,000 people during the previous year, implying that up to 6,000 employees may have been affected by the latest job layoffs. The decision to reduce comes amid obstacles caused by slowing computer sales, which amounted to an 11 percent drop in revenue in the previous quarter. This restructure apparently reflects Dell’s efforts to adapt to changing market conditions and optimize its operations in order to remain competitive in the technology sector.
Twitch: According to Bloomberg News, Amazon’s streaming company Twitch wants to eliminate 35% of its workforce, or around 500 employees.
Discord: Discord, a social chat and messaging company, informed employees on January 11 that it would reduce 17% of its workforce. The layoffs will affect around 170 people, according to an internal message delivered by creator and CEO Jason Citron.
Salesforce: According to the Wall Street Journal, Salesforce is cutting around 700 people, or roughly 1% of its worldwide workforce, in the latest round of job layoffs to hammer the IT industry.
eBay: eBay Inc. will lose around 1,000 jobs, or about 9% of its present staff, the e-commerce firm announced on Tuesday.
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