What’s behind the tech industry’s mass layoffs in 2024
Understanding the Wave of Tech Industry Layoffs in 2024
Earl Cotten · Follow Published in Newsbusinesses ·3 min read·2 hours ago– The tech industry is facing an unprecedented wave of layoffs in 2024, continuing a distressing trend from previous years. Executives point to various reasons, including a pandemic hiring binge , high inflation , and weak consumer demand , as the primary drivers behind these mass layoffs. However, with workforces returning to pre-pandemic levels and consumer confidence rebounding, there seem to be other factors at play that are prompting […]
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