Layoffs In January 2024 President. An analysis by months shows that nearly 60% of all job cuts, or roughly 50,000, occurred in january and april, the two worst months for tech layoffs in 2024. In june, microsoft laid off more than 1,000 employees across various business units, including the azure and hololens mixed reality divisions, as reported by toi.
January’s downsizings are not expected to significantly impact the thriving labor market. Here’s why more could be coming before the end of the year.