In the first two months of 2024, the tech industry faced layoffs as companies focused on efficiency amid tough market conditions. Over 250,000 jobs were cut in 2023, with 50,000 more eliminated by March this year. Major layoffs in March includedÂ
March 2024 Layoffs
- IBM: Job cuts in marketing and communications divisions.
- Dell: 6,000 employees laid off due to sluggish demand.
- Vodafone: 2,000 jobs cut in Germany to save money.
- Ericsson: 1,200 employees were laid off in Sweden due to decreased 5G demand.
- Bell: Nearly 5,000 workers laid off, sparking controversy.
- Facebook: Around 50 employees were laid off in a Messenger reorganization.
- Airmeet: 20% of workforce cut in a restructuring move.
