"Rising Tech Layoffs: The Ongoing Job Cut Trend in 2024"
TL;DR Summary
The tech industry has seen 32,000 job cuts in 2024, with companies like Snap Inc. and Okta Inc. reducing their workforces. Economic factors and a shift towards artificial intelligence are cited as reasons for the layoffs, while job postings for AI-related positions have increased. Despite the layoffs, the industry is also aggressively hiring in other areas, with uncertainty expected to persist until the Federal Reserve takes action on interest rates.
Topics:business#artificial-intelligence#economic-factors#job-cuts#tech-industry#tech-layoffs#technology
- Tech Layoffs Continue To Hit Industry With 32,000 Job Cuts NDTV
- Why Is Big Tech Still Cutting Jobs? The New York Times
- Spate of job cuts continues unabated at Big Tech, media firms Reuters
- Layoffs skyrocketing in 2024: Here are the companies axing jobs Fox Business
- The U.S. economy is booming. So why are tech companies laying off workers? Yahoo Finance
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