Tech Industry Layoffs 2024. Amidst the turbulence of economic uncertainties, layoffs continue to cast a shadow over the tech industry’s workforce. The tech downturn in 2022 led to widespread layoffs that continued throughout last year, when more than 250,000 tech workers lost their jobs.

August 15, 2024, 11:46 am edt. Earlier in february 2024, cisco laid off more than 4,000 employees.