After years of investment and hiring, US-based tech companies have laid off 250,000 plus workers since the end of 2022 when Covid-era incentives started running out. The pace of these layoffs has recently picked up steam with over 125,000 tech workers losing their jobs so far in 2024.
These layoffs are part of a broad strategy to reduce costs by hiring less expensive labor outside the United States combined with investments in AI at the expense of human workers. The layoffs include some of the biggest and most profitable companies in tech:
- Amazon has culled 27,000 jobs - Read More
- Intel announced layoffs exceeding 15,000 positions - Read More
- Dell announced over 12,000 layoffs - Read More
- Microsoft laid off 5,000 - Read More
The San Francisco Bay Area, long the last to get hit, is feeling the pain too.
- Among its 12,000 layoffs, Google recently eliminated 200 “core” jobs in its Silicon Valley HQ, - Read More
- Salesforce has terminated 700 employees so far in 2024 - Read More
- Apple joined the bloodletting, eliminating more than 600 jobs - Read More
- San Francisco startup WebFlow axed over 50 - Read More
Even smaller newer high-tech companies are feeling the pain.
- Toast cut 550 positions - Read More
- Okta laid off 400 - Read More
- Discord cut 170 - Read More
- EventBrite eliminated 100 jobs - Read More
- TikTok laid off 60 - Read More
Given high interest rates, stock market volatility, geopolitical risk, an election year, and C suite uncertainty, layoffs are likely to persist through 2024 and beyond.
WebSight Design was founded in 1995. Over the last 30 years, we have seen a lot of headlines. Through all of the changes, with innovation and teamwork, WSD has weathered storms and maintained a position as an industry leader in a volatile sector. Our belief in partnership, long-term vision and integrity are the foundation of our success.
We are always interested in interviewing potential new team members.
If you would like to learn more about what skills we need, please reach out to us today.
