
Tech layoffs worldwide 2020-2024, by industry
In 2024, the tech sector experienced a significant number of layoffs, with the hardware industry hit the hardest with over 26.8 thousand employees laid off that year. Close behind was the transportation sector, which witnessed over 19 thousand layoffs. In general, over a third of all tech layoffs in 2024 occurred during the first quarter, with the number of laid-off tech employees decreasing quarter-on-quarter for the remainder of the year.