Global technology companies have cut 34,000 jobs since the beginning of the year. Experts point out that companies are reorienting themselves towards new areas of activity. Most of the layoffs occurred, especially at Microsoft, PayPal and eBay.

Global technology companies have cut 34 thousand jobs since the beginning of the year

Technology companies have cut 34,000 jobs since the beginning of 2024. The Financial Times writes about this based on data from the Layoffs.fyi service.

According to the resource, 38 technology companies are carrying out mass layoffs this year. Most of the cuts occurred in particular at Microsoft, eBay and PayPal.

Experts believe that the reductions in technological corporations are associated with their reorientation towards new types of activities, including the development of artificial intelligence.

According to Despidos, global technology companies will eliminate 263 thousand jobs in 2023.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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