Tech layoffs in 2024: More than 34,000 workers at Google, Amazon and more than 100 tech companies to lose their jobs this year | – India time

The technology industry continues to roll Dismissal from office as 2024 year begins More than 34,000 employees They have already lost their jobs in large companies such as Google, Amazonand more than 100 other tech firms in the first few weeks of 2024, according to Layoffs.fyi technical dismissal tracker.
This underscores the ongoing economic challenges facing the once elusive tech sector, which has seen giants such as Meta, Twitter and Cisco significantly reduce their workforces in the past year. As more names are added to the list of tech companies making significant job cuts, it looks like the hiring crisis could continue into 2024 if market conditions don't improve.
Alphabet's Google began the year by laying off several hundred employees in various departments, including engineering, artificial intelligence research, hardware and product development. In addition, Google's ad sales team saw significant cuts as the company continued to make “organizational changes” in 2024. Executive Director Sundar Pichai said the layoffs would affect more roles aimed at increasing efficiency.
Microsoft also contributed heavily to cutting its tech workforce, eliminating 1,900 jobs, mostly from its video game segment, after acquiring Activision Blizzard. This represents nearly 8% of Microsoft's gaming division. Also affected are leadership positions, Blizzard's president and chief design officer from the company.
Other major gaming companies, such as Unity and Riot Games, have also made similar moves, cutting their workforce by 25% and 11%, respectively. These companies devote their resources to their core offerings.
Amazon's layoffs spanned many business units, including Audible, Prime Video, Twitch and the Buy with Prime teams. Audible cut 5% of its staff citing a “challenging landscape,” while Twitch cut its workforce by 35%, or about 500 employees, amid restructuring. Last week, the e-commerce giant slashed the workforce in its medical division, cutting “several hundred” roles.
Retail and food delivery giants eBay, Flipkart and Swiggy also cut jobs, but they were more modest, with cuts of up to 10%. While there are various reasons for these cuts, such as realignment of priorities or cost-cutting, the main motivation appears to be to control pandemic-era overstaffing and prepare for a potential economic downturn. Licious, the meat delivery company, earlier this month laid off 80 employees (3% of its workforce) for an “operational reshuffle” to refocus on growth.
TikTok has cut its workforce and Snap also announced it will lay off about 528 employees, about 10% of its global workforce. The goal of Snap's restructuring is to focus on executing on its core priorities and increase investments to support its future growth.
Grammarly and DocuSign recently announced layoffs to improve their efficiency. Grammarly has cut 23% of its workforce, about 230 jobs, as it focuses on AI jobs. To improve financial and operational efficiency, DocuSign laid off approximately 440 employees, or 6% of its workforce.
Experts believe that many companies over-hired during the abnormal growth of the COVID-19 pandemic and are now laying off bloated teams. The current wave of layoffs in the tech industry reflects a necessary rebalancing, not downsizing. However, critical emerging fields such as artificial intelligence continue to see hiring amid job cuts elsewhere.
Major tech firms like Google, Microsoft, and others are aggressively expanding AI, machine learning, and data science. These companies are shifting resources and seeking trained specialists to fill critical roles in generative AI, neural networks, and robotics.
Demand for these skills remains extremely high, with more than 33,000 AI-related jobs posted in January 2023 alone, even as overall economic uncertainty has led to other cuts. New opportunities for professionals adept at the technologies shaping the future await organizations striving to lead the AI ​​revolution. While layoffs make headlines, the tech sector continues to transform and grow by investing in positional talent.