Tech Layoffs 2024 Reddit. It is estimated that in 2022 alone, over 120,000 people have been dismissed. Last year, we tallied 187 total layoffs among biotech companies, a 57% jump compared to 119 in 2022.

Although the economic climate seems slightly warmer at the start of 2024, february still saw a high number of mass layoffs, with more than 46,000 layoffs in the tech industry in the. Most of this growth was completely superfluous to actually developing core products and defending market position.