Layoffs 2024 - 3 Reasons behind IT Layoffs & Tech Layoffs 2024 | Layoffs News |

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This year has been riddled with layoffs news. Mass layoffs have become very common recently. We have seen Microsoft layoffs, Amazon layoffs, Infosys layoffs, Wipro layoffs, TCS layoffs, ESPN layoffs, Meta Layoffs, among layoffs in other tech companies. These tech layoffs had a bad impact on the overall market. But the question is, why layoffs are happening now, and are tech layoffs going to stop in 2024?

In this video, I talked about 3 reasons why big tech layoffs are happening. The IT service companies like TCS Wipro Infosys along with product companies like Amazon and Facebook have made similar mistakes. One of the reasons for the mass layoffs 2023 and layoffs 2024 is the overhiring that took place during the covid time.

Mass layoffs have increased in frequency and intensity as more firms are going to fire employees because of the snowball effect. Once one company goes for layoffs, other companies in the same industry follow suit. Layoffs 2024 are a big threat to corporate employees but knowing the reasons behind these layoffs and preparing to secure your job in the case layoffs going to increase, can help you a lot.

Hope you find this short valuable, see you in the next one.

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