Business News
April 2024 Layoffs: Amazon, Apple, and Tesla Announce Job Losses
US-based employers announced a major drop in job cuts for April 2024, recording 64,789 reductions, Challenger, Gray & Christmas reported.
This marks a 28 percent decline from the previous month's figure of 90,309.
Despite the decrease in layoffs, the tech sector continues to experience turbulence.
According to Layoffs.fyi, the tech industry saw 60,000 job cuts across 254 companies in early 2024.
High-profile layoffs have included companies like Tesla, Amazon, Google, TikTok, Snap, and Microsoft.
April 2024 was particularly harsh, with major layoffs at Tesla, Google, and Apple, impacting over 20,000 employees.
The industry turmoil extends beyond large corporations, with several smaller startups downsizing significantly or ceasing operations.