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Only the second week of 2024 and it’s already shaping up to be a rough year for tech workers. Just days after popping open cold ones on New Year’s Eve, employees at Google, Flipkart, Paytm and others are seeing pink slips into their inboxes instead.
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These heavy-hitter tech corporations are handing out layoffs left and right in an attempt to cut down on operating costs and increase efficiency amid a looming macroeconomic downturn. And you know what the real kicker is? This is only the beginning – we should expect even more “downsizing” and “restructuring” announcements to come pouring in over the next few months. As if the massive layoffs over the past couple years weren’t painful enough already.
In this live blog, we’ll be following this unfolding employment crisis blow-by-blow. Keep revisiting this page for the latest updates on which big-name tech firms are slimming down their workforces and why.
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