The tech industry is seeing massive layoffs every year. Last year, 1,191 companies of this industry had laid off more than 2 lakh 63 thousand employees and this year this number does not seem to be decreasing. We have reached the middle of 2024 and the news is that more than 300 companies in the tech industry have together laid off more than 99 thousand employees. These companies also include big names like Google, Apple, Microsoft, Meta, which have been continuously cutting jobs for some time.

AccordingBy the month of June 2024, about 99,672 employees have been laid off. These employees include more than 344 companies including tech giants like Apple, Google, Microsoft and Meta. A large number of these include those companies which have been continuously cutting jobs since the time of Covid. Even though the main reasons for these layoffs have not been revealed, one of the many reasons could definitely be the tremendous growth in AI technology.

While giants like Twitter (now known as For comparison, let us tell you that according to the tracker, in 2023, 263,180 employees were laid off by 1,191 tech companies and in 2022, 1,064 tech companies laid off 165,269 people. In such a situation, touching the figure of one lakh in the middle of the year is a matter of concern.

At the same time, Indian origin companies are also included in the layoff, some of the big names are Flipkart, Simpl, Ola, Scaler, Byju’s and Swiggy. 23 companies headquartered in India have together laid off more than 1,600 employees so far in 2024, of which Flipkart alone has laid off 1,100 employees.

Earlier this month, Microsoft reportedly laid off more than 1,000 employees across various businesses, including its Azure Cloud division and Mixed Reality unit. इसका कारण कंपनी के रणनीतिक मिशन को बताया गया। At the same time, after the acquisition of Activision Blizzard, Microsoft had reduced 1,900 jobs mainly from its gaming division.