In April 2024, a wave of mass layoffs hit some of the world’s biggest companies, leaving over 20,000 employees jobless. Tech giants like Tesla, Google, Apple, Amazon, and more were forced to make significant cuts to their workforce, impacting over 70,000 people in the tech sector.
Apple, known for its innovation and cutting-edge technology, shocked many by laying off 614 employees, the first major job cuts since the pandemic began. The affected employees were part of Apple’s special projects group, with some working on the now-cancelled self-driving car project.
Google also made headlines with layoffs across teams, including Python, Flutter, and Dart. The job cuts were part of a restructuring effort, with impacted employees given the option to apply for other roles within the company.
Amazon, a leader in cloud computing, cut hundreds of roles in its cloud division, focusing on streamlining targeted areas to align with core business objectives.
Other companies like Intel, Byju’s, Tesla, Ola Cabs, and more also announced layoffs, affecting thousands of employees worldwide. The reasons varied from funding crises to restructuring efforts to cost-cutting measures.
The job market continues to face challenges as companies navigate economic uncertainties and changing consumer behaviors. The impact of these mass layoffs will be felt not only by the employees who lost their jobs but also by the industries and communities they were a part of.