Job Layoffs In 2024. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to independent layoffs tracker layoffs.fyi. According to the report, the “very low single digit percentage” possibilities for 2024 might be 1% (2,880 layoffs), 2% (5,760 layoffs), 3% (8,640 layoffs), or more.

While the massive layoffs of 2022 and 2023 have thankfully not been replicated in terms of numbers in 2024, this year has seen a fair amount of job losses across various. Last year was brutal for the tech sector with 1,186 companies laying off about 262,242 employees in 2023.