Tech Layoffs 2024 Reddit. 2024 tech industry layoffs approach the 100k mark. As a tech worker, i can verify that the balance sheets look good for a year after layoffs, but then the repercussions kick in and they'll be hiring again.

This is the second round of layoffs at genentech in 2024. Reddit is joining a growing list of tech companies contracting due to the bumpy economy, telling workers it plans to lay off 5% of employees and scale back new hiring.