Top Ten Tech Company Layoffs in US in 2024
Tech giant IBM leads the way by reducing 8,000 roles, followed by CISCO’s 6,000
By News Desk
Published - Jul 04, 2024, 03:33 PM ET
Last Updated - Jul 04, 2024, 03:36 PM EDT
A surge in tech company layoffs that picked up towards the end of 2023 is continuing strongly into 2024. It is not showing signs of easing. Halfway through the year, 254 companies have cut 60,000 jobs already and more are threatened, according to reports on the layoffs.fyi website. Tech companies laid off 19,350 employes in January while they downsized by 15,589 employees, according to a report on the TechChruch website. March saw pink slips served on 7,403, followed by 22,153 in April and 9,882 in May. June was not different although only about 4,000 people got fired.
Here is a list of the top ten layoffs in 2024 in the descending order of the number of employees affected:
1. IBM
Number of employees affected: 8,000
