One of the primary drivers of tech layoffs in 2024 is the broader economic uncertainty.
The rapid advancement and adoption of artificial intelligence (AI) technologies have also contributed to tech layoffs
In 2024, many tech companies have shifted their focus towards improving efficiency and profitability.
The tech industry is highly competitive, and market saturation in certain sectors has made it difficult for companies to maintain their growth trajectories.
Strategic realignments within companies have also played a role in the rise of tech layoffs.