So far, some 32,000 tech workers have lost their jobs in 2024 according to Layoffs.fyi, a startup that has been tracking job cuts in the industry since the pandemic.
Snap became the latest example, announcing on Monday that it’s reducing its workforce by about 10%, or around 540 employees. Earlier this month, software company Okta said it would eliminate 7% of its staff to reduce costs, affecting about 400 employees. The list goes on, including Big Tech employers like Amazon.com, Salesforce and Meta Platforms.
