How Many Layoffs In 2024. Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to.

Looking ahead, layoffs are likely to continue at some tech companies for the moment, with 84 percent of business leaders of it companies reporting that they are. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies,.