Layoff Statistics 2024. According to layoffs.fyi, 384 tech companies have laid off more than 124,000 employees in 2024, adding to the 428,449 tech workers who lost their jobs in 2022 and 2023. Graph and download economic data for layoffs and discharges:

Twitter’s mass layoff affected many departments, including the content moderation teams, sales, and advertising departments, and engineering & development divisions. One big reason for this trouble is trying to reduce costs, and that’s a major cause for companies letting go of.