It Jobs Layoffs 2024 Usa. Major corporations in the media, retail and technology sectors have conducted mass layoffs to trim costs as they invest in ai, and after bulking up. Last year was brutal for the tech sector with 1,186 companies laying off about 262,242 employees in 2023.

Here’s an updated timeline of notable layoffs, and reasons why big tech is in turmoil. (2) the layoffs and discharges rate is the number of layoffs.