Layoffs 2024 Statistics And. Ups accounts for 40 percent of the overall layoffs in tech companies in january 2024, firing over 12,000 employees in just one month. In the first half of 2024, it had four—a 77 percent drop.
The year 2024 started off on a worse note for the tech employees, as more than 122 tech companies and startups laid off more than 30,000 workers in january itself, while the job cuts. Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand.
