Tech Industry Layoffs 2024. With tech giants and startups alike feeling the heat, the industry is witnessing a concerning downsizing trend, indicating growing economic challenges. Events and ticketing platform eventbrite is laying off about 100 employees, or 11% of its staff, reported business insider on thursday.
So far, about 42,324 tech employees were let go in 2024,. Cisco systems plans to lay off 7 per cent of its workforce, or about 6,000 employees, in a second round of job cuts this year.