3 possible reasons why mass layoffs have reduced despite ongoing economic woes
- 104,410 employees have been laid off by 360 tech companies globally
- Layoffs in the first 30 days of 2023 exceeded all recorded in the first six months of 2022
- Only five African tech companies have announced layoffs between January and June 2024
The decrease in layoffs in the tech industry is a positive sign, indicating that companies are finding ways to streamline their operations and retain critical talent. Startups may have learned from the past and are now focusing on sustainable workforces and internal restructuring. However, it is important to monitor if this trend continues and if tech companies will resume uncontrolled recruiting after the funding slump.
