Layoffs 2024 Statistics For. This alarming trend follows a widespread firing spree in major tech companies throughout 2023, and projections suggest an even more challenging landscape for employees in the coming months. Here's what the rest of this year might hold for the labor market.

Breaking down the numbers, around 2.5% of turnover is attributed to quitting, while around 1% is attributed to layoffs and firings. Major tech companies like salesforce, intuit, amazon, dell, microsoft, google, and ibm have announced major layoffs, often citing restructuring and ai integration as key factors.