Skip to main content

Filed under:

The tech industry’s layoffs and hiring freezes: all of the news

Over the last couple years, it feels like we’ve heard news of mass layoffs and hiring freezes from tech companies nearly every week, and since the beginning of 2024, there’s been a new wave of layoffs and firings.

In the first few days of January 2024 alone:

And all that adds to the tens of thousands of tech and gaming layoffs that hit in 2023.

Elizabeth Lopatto spoke to experts in an article published last year to try and answer the question of why so many layoffs are happening right now despite tech companies continuing to register sizable profits. One reason is that “investors have changed how they’re evaluating companies,” even if there’s a lack of evidence that the layoffs can help solve any of the problems they may have.

Here’s all our coverage of the recent outbreak of layoffs from big tech, auto, crypto, gaming, and more.