Tech Workers Keep Getting Laid Off Again and Again
Tech’s been in the midst of a recession since the pandemic: According to layoffs.fyi, 470 tech companies laid off 141,000 employees in 2024. Those numbers are a bit better than what we saw in 2023 (264K layoffs total).
Analytics and experimentation director Bhavik Patel analyzed a dataset of 2,800 layoffs and tried to — as objectively as possible — figure out which roles have been impacted most. He found that product and design roles are more likely to be impacted than roles in engineering or data analytics:
https://productcoalition.com/analysing-tech-layoffs-c67d7de2d630
The article “Tech Workers Keep Getting Laid Off Again and Again” from wp.brenden.com highlights the persistent layoffs in the tech industry, noting that in 2024, 470 tech companies laid off 141,000 employees, a slight improvement from the 264,000 layoffs in 2023.
Further analysis by Bhavik Patel, an analytics and experimentation director, indicates that product and design roles are more susceptible to layoffs compared to engineering or data analytics positions.
This trend is corroborated by data from Layoffs.fyi, which reports that in 2024, there were 1,107 layoffs at tech companies, impacting 237,666 people. (TrueUp)
The tech industry continues to face challenges, with significant job cuts across various sectors, including gaming and media. For instance, a recent survey from the Game Developers Conference revealed that 10% of game developers lost their jobs in 2024, with 41% affected by layoffs in some form. (The Verge)
Additionally, major companies like CNN have announced layoffs as part of strategic shifts toward digital platforms. (Associated Press)
These developments underscore the ongoing volatility in the tech job market, affecting various roles and prompting professionals to adapt to the evolving industry landscape.