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Tech Layoffs: What To Expect In 2024

Tech Layoffs: What To Expect In 2024

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Kumari Trishya
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February 8, 2023
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3 min read
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Layoffs in the IT industry are becoming more widespread as companies fight to remain competitive in a fast-changing market; many turn to layoffs as a cost-cutting measure. Last year, 1,000 companies including big tech giants and startups, laid off over two lakhs of employees. But first, what are layoffs in the tech business, and how do they impact the industry?

Tech layoffs are the termination of employment for some employees by a technology company. It might happen for various reasons, including financial challenges, market conditions, firm reorganization, or the after-effects of a pandemic. While layoffs are not unique to the IT industry, they are becoming more common as companies look for methods to cut costs while remaining competitive.

The consequences of layoffs in technology may be catastrophic for employees who lose their jobs and the firms forced to make these difficult decisions. Layoffs can result in the loss of skill and expertise and a drop in employee morale and productivity. However, they may be required for businesses to stay afloat in a fast-changing market.

This article will examine the reasons for layoffs in the technology industry, their influence on the industry, and what may be done to reduce their negative impacts. We will also look at the various methods for tracking tech layoffs.

What are tech layoffs?

The term "tech layoff" describes the termination of employees by an organization in the technology industry. A company might do this as part of a restructuring during hard economic times.

In recent times, the tech industry has witnessed a wave of significant layoffs, affecting some of the world’s leading technology companies, including Amazon, Microsoft, Meta (formerly Facebook), Apple, Cisco, SAP, and Sony. These layoffs are a reflection of the broader economic challenges and market adjustments facing the sector, including factors like slowing revenue growth, global economic uncertainties, and the need to streamline operations for efficiency.

Each of these tech giants has announced job cuts for various reasons, though common themes include restructuring efforts to stay competitive and agile, responding to over-hiring during the pandemic when demand for tech services surged, and preparing for a potentially tough economic climate ahead. Despite their dominant positions in the market, these companies are not immune to the economic cycles and technological shifts that influence operational and strategic decisions, including workforce adjustments.

This trend of layoffs in the tech industry underscores the volatile nature of the tech sector, which is often at the mercy of rapid changes in technology, consumer preferences, and the global economy. It also highlights the importance of adaptability and resilience for companies and employees alike in navigating the uncertainties of the tech landscape.

Causes for layoffs in the tech industry

Why are tech employees suffering so much?

Yes, the market is always uncertain, but why resort to tech layoffs?

Various factors cause tech layoffs, including company strategy changes, market shifts, or financial difficulties. Companies may lay off employees if they need help to generate revenue, shift their focus to new products or services, or automate certain jobs.

In addition, some common reasons could be:

Financial struggles

Currently, the state of the global market is uncertain due to economic recession, ongoing war, and other related phenomena. If a company is experiencing financial difficulties, only sticking to pay cuts may not be helpful—it may need to reduce its workforce to cut costs.


Also, read: 6 Steps To Create A Detailed Recruiting Budget (Template Included)


Changes in demand

The tech industry is constantly evolving, and companies would have to adjust their workforce to meet changing market conditions. For instance, companies are adopting remote work culture, which surely affects on-premises activity, and companies could do away with some number of tech employees at the backend.

Restructuring

Companies may also lay off employees as part of a greater restructuring effort, such as spinning off a division or consolidating operations.

Automation

With the advancement in technology and automation, some jobs previously done by human labor may be replaced by machines, resulting in layoffs.

Mergers and acquisitions

When two companies merge, there is often overlap in their operations, leading to layoffs as the new company looks to streamline its workforce.

But it's worth noting that layoffs are not exclusive to the tech industry and can happen in any industry due to uncertainty in the market.

Will layoffs increase in 2024?

It is challenging to estimate the rise or fall of layoffs. The overall state of the economy, the health of certain industries, and the performance of individual companies will play a role in deciding the degree of layoffs in any given year.

But it is also seen that, in the first 15 days of this year, 91 organizations laid off over 24,000 tech workers, and over 1,000 corporations cut down more than 150,000 workers in 2022, according to an Economic Times article.

The COVID-19 pandemic caused a huge economic slowdown and forced several businesses to downsize their employees. However, some businesses rehired or expanded their personnel when the world began to recover.

So, given the current level of economic uncertainty, predicting how the situation will unfold is difficult.


Also, read: 4 Images That Show What Developers Think Of Layoffs In Tech


What types of companies are prone to tech layoffs?

2023 Round Up Of Layoffs In Big Tech

Tech layoffs can occur in organizations of all sizes and various areas.

Following are some examples of companies that have experienced tech layoffs in the past:

Large tech firms

Companies such as IBM, Microsoft, Twitter, Better.com, Alibaba, and HP have all experienced layoffs in recent years as part of restructuring initiatives or cost-cutting measures.

Market scenarios are still being determined after Elon Musk's decision to lay off employees. Along with tech giants, some smaller companies and startups have also been affected by layoffs.

Startups

Because they frequently work with limited resources, startups may be forced to lay off staff if they cannot get further funding or need to pivot due to market downfall.

Small and medium-sized businesses

Small and medium-sized businesses face layoffs due to high competition or if the products/services they offer are no longer in demand.

Companies in certain industries

Some sectors of the technological industry, such as the semiconductor industry or automotive industry, may be more prone to layoffs than others.

Companies that lean on government funding

Companies that rely significantly on government contracts may face layoffs if the government cuts technology spending or contracts are not renewed.

How to track tech layoffs?

You can’t stop tech company layoffs, but you should be keeping track of them. We, HR professionals and recruiters, can also lend a helping hand in these tough times by circulating “layoff lists” across social media sites like LinkedIn and Twitter to help people land jobs quicker. Firefish Software put together a master list of sources to find fresh talent during the layoff period.

Because not all layoffs are publicly disclosed, tracking tech industry layoffs can be challenging, and some may go undetected. There are several ways to keep track of tech industry layoffs:

Use tech layoffs tracker

Layoff trackers like thelayoff.com and layoffs.fyi provide up-to-date information on layoffs.

In addition, they aid in identifying trends in layoffs within the tech industry. It can reveal which industries are seeing the most layoffs and which companies are the most affected.

Companies can use layoff trackers as an early warning system and compare their performance to that of other companies in their field.

News articles

Because many news sites cover tech layoffs as they happen, keeping a watch on technology sector stories can provide insight into which organizations are laying off employees and how many individuals have been affected.

Social media

Organizations and employees frequently publish information about layoffs in tech on social media platforms; thus, monitoring companies' social media accounts or following key hashtags can provide real-time updates regarding layoffs.

Online forums and communities

There are online forums and communities dedicated to discussing tech industry news, and they can be an excellent source of layoff information.

Government reports

Government agencies such as the Bureau of Labor Statistics (BLS) publish data on layoffs and unemployment, which can provide a more comprehensive picture of the technology industry's status.

How do companies reduce tech layoffs?

Layoffs in tech are hard – for the employee who is losing their job, the recruiter or HR professional who is tasked with informing them, and the company itself. So, how can we aim to avoid layoffs? Here are some ways to minimize resorting to letting people go:

Salary reductions

Instead of laying off employees, businesses can lower the salaries or wages of all employees. It can be accomplished by instituting compensation cuts or salary freezes.

Implementing a hiring freeze

Businesses can halt employing new personnel to cut costs. It can be a short-term solution until the company's financial situation improves.


Also, read: What Recruiters Can Focus On During A Tech Hiring Freeze


Non-essential expense reduction

Businesses might search for ways to cut or remove non-essential expenses such as travel, training, and office expenses.

Reducing working hours

Companies can reduce employee working hours to save money, such as implementing a four-day workweek or a shorter workday.

These options may not always be viable and may have their problems, but before laying off, a company owes it to its people to consider every other alternative, and formulate the best solution.

Tech layoffs to bleed into this year

While we do not know whether this trend will continue or subside during 2023, we do know one thing. We have to be prepared for a wave of layoffs that is still yet to hit. As of last month, Layoffs.fyi had already tracked 170+ companies conducting 55,970 layoffs in 2023.

So recruiters, let’s join arms, distribute those layoff lists like there’s no tomorrow, and help all those in need of a job! :)

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Author
Kumari Trishya
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February 8, 2023
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3 min read
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What Gen Z Expects From HR Leaders in 2026

What Gen Z Expects From HR Leaders in 2026

Introduction

Gen Z is entering the workforce with a very different perspective on work, leadership, and career growth.

Unlike previous generations, they are not just evaluating salary packages or job titles. They are paying closer attention to workplace culture, flexibility, transparency, learning opportunities, and overall employee experience.

For HR and Talent Acquisition leaders, this shift is changing how organizations attract, engage, and retain talent.

Having entered the workforce during a period of rapid workplace transformation, Gen Z values authenticity over polished corporate messaging and meaningful experiences over traditional corporate structures.

Employer Branding Is Now About Experience

Employer branding today is no longer defined only by career pages or company values.

Gen Z pays attention to how recruiters communicate, how transparent the hiring process feels, and how employees speak about the company publicly.

For Talent Acquisition teams, recruitment is no longer just a hiring function. It has become a reflection of workplace culture itself.

Candidates today value clear communication, transparency, honest conversations around growth, and personalized experiences throughout the hiring journey.

This is also why skill-based hiring and fair evaluation processes are becoming more important for modern organizations.

Gen Z Values Authenticity

One of the biggest shifts HR leaders are noticing is that Gen Z values honesty far more than polished corporate narratives.

They want realistic conversations around career growth, workplace expectations, compensation, and learning opportunities.

Interestingly, they do not expect organizations to be perfect. What they expect is transparency and authenticity.

Younger employees quickly recognize when workplace messaging feels disconnected from reality. Organizations that communicate openly tend to build stronger trust and credibility with Gen Z talent.

Career Growth Looks Different Today

Traditional career growth models were designed around long timelines and annual reviews.

But Gen Z expects growth to feel continuous.

Instead of waiting for yearly discussions, employees want faster feedback, ongoing learning, mentorship opportunities, and clear visibility into growth from the beginning of their journey.

This means career development is no longer just part of appraisal cycles. It is becoming an everyday part of the employee experience.

Organizations investing in learning, internal mobility, and skill development are more likely to keep younger employees engaged.

Flexibility Is About Trust

For Gen Z, flexibility is no longer viewed as a workplace perk.

It is an expectation.

But flexibility goes beyond remote or hybrid work. It also includes autonomy in how employees manage work and productivity.

At its core, flexibility has become a question of trust.

Gen Z values workplaces where managers focus on outcomes instead of constant visibility or monitoring. For HR leaders, this means flexibility cannot exist only in policies. It must also exist in leadership behavior and workplace culture.

Well-Being Is Part of the Work Experience

For Gen Z employees, mental well-being is not a separate HR initiative.

It is part of the everyday employee experience.

They are quick to notice the gap between organizations talking about wellness and employees actually feeling supported.

This means HR teams need to think beyond wellness campaigns and focus more on how work itself is designed and managed.

Because employees do not experience policies. They experience culture every single day.

Final Thoughts

Gen Z is not simply changing workplace expectations. They are challenging organizations to rethink how modern work should actually function.

For HR and Talent Acquisition leaders, this creates an opportunity to build more transparent, flexible, and people-focused workplaces.

The organizations that will attract and retain Gen Z talent successfully are not necessarily the ones with the loudest employer branding or trendiest benefits.

They are the ones building cultures based on trust, authenticity, flexibility, growth, and meaningful employee experiences.

Remote, Hybrid, or Office? What Actually Works and Why

Remote vs Hybrid vs Office: What Actually Works in 2026?

Introduction

Somewhere between “you’re on mute” and badge-swiping back into office buildings, work didn’t just change, it split into choices.

Remote work. Hybrid work. Office-first culture.

Policies were rewritten again and again, but one question still dominates HR and Talent Acquisition conversations:

Are organizations building work models that genuinely improve productivity, employee experience, and retention, or simply reacting to pressure from leadership, candidates, and competitors?

The truth is, there’s no universal answer.

The Myth of the Perfect Work Model

Over the last few years, companies have learned that no single workplace model works for everyone.

Organizations that embraced fully remote work gained access to wider talent pools and improved flexibility. But many also struggled with collaboration gaps, communication fatigue, and weaker cultural connection.

Meanwhile, strict return-to-office policies brought structure and in-person collaboration back, but often at the cost of employee satisfaction and retention.

Hybrid work quickly became the middle ground. Yet in practice, hybrid is often the hardest model to execute well because it demands balance, consistency, and intentional leadership.

The real question isn’t whether remote, hybrid, or office is better.

It’s: What outcome is the organization trying to optimize for?

What HR Leaders Are Seeing

HR teams across industries are noticing a shift in how people work and what employees value.

Remote hiring has dramatically expanded access to talent beyond geographical boundaries. Talent Acquisition teams can now hire specialized talent faster and from more diverse locations.

At the same time, office environments still play an important role in onboarding, mentorship, and early-career learning. Informal conversations, quick collaboration, and day-to-day exposure are still difficult to replicate virtually.

Hybrid models try to combine both advantages, but they also introduce challenges like proximity bias, where employees who spend more time in the office often receive greater visibility and growth opportunities.

This raises an important question for HR leaders:

Are workplace policies rewarding performance or simply physical presence?

What Candidates Actually Want

Candidates today are not just choosing jobs anymore. They’re choosing lifestyles.

For many professionals, remote work represents flexibility, autonomy, and better work-life balance. For others, especially younger professionals, office environments provide structure, mentorship, and stronger human connection.

What’s interesting is that candidate preferences are becoming more nuanced.

Someone may prefer remote work but still choose a hybrid role if it offers stronger career growth. Another candidate may prioritize flexibility over compensation altogether.

For Talent Acquisition teams, this changes everything.

Work models are no longer just operational policies. They’ve become part of the employer value proposition.

Culture Is More Than a Workplace

There’s a common belief that culture only exists inside offices.

But culture isn’t tied to a physical location. It’s shaped through communication, trust, leadership, and shared experiences.

Organizations that succeed with remote work usually focus on clear communication, strong documentation, and outcome-based performance management rather than constant visibility.

Meanwhile, companies succeeding with office-first models are redefining what offices are actually meant for: collaboration, creativity, and connection instead of simply showing up at a desk.

Because if employees are commuting only to spend the day on virtual meetings, the office experience loses its purpose.

What Actually Works?

The organizations getting workplace strategy right are not obsessing over whether remote, hybrid, or office is superior.

Instead, they are focusing on intentionality.

They listen closely to employee behavior and outcomes, not just survey responses. They treat work models as evolving systems instead of fixed policies. Most importantly, they align workplace strategy with business goals and employee needs simultaneously.

That’s where the real difference lies.

Final Thoughts

The future of work isn’t remote, hybrid, or office-first.

It’s intentional, adaptable, and human-centered.

The companies that understand this won’t just attract better talent, they’ll build stronger cultures, healthier teams, and more sustainable workplaces for the future.

5 Habits That Make You Stand Out at Work

5 Habits That Make You Stand Out at Work

Standing out at work is not always about doing more. In many cases, professional success comes down to how you think, communicate, and respond under pressure.

Employees who consistently stand out in the workplace are often the ones who remain calm in difficult situations, communicate with clarity, and bring thoughtful input into conversations. These workplace habits build trust, improve leadership presence, and create long-term career growth opportunities.

The good news is that these are not natural talents reserved for a few professionals. They are habits that can be practiced, improved, and strengthened over time.

For professionals looking to improve workplace communication skills, leadership qualities, and career development, the following habits can make a significant difference.

1. Pause Before You React

One of the most important professional habits is learning how to respond calmly instead of reacting instantly.

When something goes wrong at work, the natural instinct is often to answer immediately. However, fast reactions do not always lead to effective communication or strong decision-making.

Taking a moment to:

  • Understand the situation
  • Gather context
  • Process information carefully
  • Think through your response

can help professionals communicate more clearly and avoid unnecessary confusion.

In high-pressure workplace environments, calm responses often leave a stronger impression than rushed reactions.

Professionals who stay composed during stressful moments are frequently seen as more reliable, emotionally intelligent, and leadership-ready.

2. Give Yourself Time to Think

Not every workplace question requires an instant answer.

Saying:

“Let me think about that.”

can actually make you sound more confident and thoughtful.

This simple communication habit shows that you value clarity and accuracy instead of speaking just to fill silence.

In:

  • Team meetings
  • Leadership discussions
  • Job interviews
  • Client conversations
  • Stakeholder presentations

taking time to think can improve both the quality of your response and the way people perceive your judgment.

Strong professionals are often recognized not for how quickly they respond, but for how thoughtfully they process information and communicate ideas.

This is a critical workplace communication skill that improves professional credibility over time.

3. Get Comfortable With Silence

Silence makes many people uncomfortable.

As a result, professionals often rush to fill every pause during meetings, interviews, or conversations.

But silence can actually improve communication effectiveness.

A short pause gives you time to:

  • Organize your thoughts
  • Deliver stronger responses
  • Improve clarity
  • Communicate with more intention
  • Reduce unnecessary overexplaining

Professionals who are comfortable with silence often appear:

  • More composed
  • More self-assured
  • More confident under pressure
  • Better at executive communication

especially in high-stakes professional situations.

Learning how to stay calm during silence is an underrated but valuable professional development skill.

4. Ask One Thoughtful Question

You do not need to speak the most to stand out at work.

Sometimes, one thoughtful question creates more impact than a long explanation.

Thoughtful questions can:

  • Reveal blind spots
  • Improve team discussions
  • Encourage strategic thinking
  • Demonstrate leadership potential
  • Show strong critical thinking skills

Employees who ask meaningful questions are often viewed as more engaged, analytical, and solution-oriented.

This is one of the fastest ways to leave a memorable impression in workplace conversations and professional meetings.

Strong leaders are not only recognized for giving answers.

They are also recognized for asking the right questions.

5. Keep Your Communication Clear and Concise

One of the most valuable workplace skills is clear and concise communication.

Overexplaining can weaken even strong ideas.

Professionals who stand out in the workplace are often the ones who communicate with structure, simplicity, and clarity.

They focus on:

  • What matters
  • Why it matters
  • What action is needed

without adding unnecessary complexity.

Clear communication improves:

  • Workplace collaboration
  • Leadership presence
  • Team alignment
  • Professional confidence
  • Decision-making conversations

In modern workplaces, communication skills are often just as important as technical expertise.

The ability to explain ideas clearly is a major differentiator for career growth and leadership development.

Why These Workplace Habits Matter

These habits sound simple, but they become difficult to apply when the pressure is real.

In:

  • Job interviews
  • High-pressure meetings
  • Leadership conversations
  • Workplace conflict situations
  • Client presentations

people often rush, overtalk, or respond before fully thinking through the situation.

That is why practice matters.

Professional communication skills improve through repetition, structured feedback, and realistic practice environments.

Employees who consistently practice these habits often become more confident communicators and stronger workplace contributors over time.

Practice Before the Pressure Is Real

If you want to improve how you think and communicate under pressure, you need opportunities to practice those moments before they actually matter.

HackerEarth OnScreen (AI Interviewer) helps professionals build workplace communication skills, interview confidence, and structured thinking through realistic AI-led interview experiences.

The platform helps professionals:

  • Practice answering questions clearly
  • Improve communication under pressure
  • Structure thoughts effectively
  • Build interview confidence
  • Develop executive communication skills
  • Get comfortable with pauses and silence
  • Improve professional speaking habits

It is not only designed for interview preparation.

It also helps professionals strengthen the workplace habits that improve career growth, leadership readiness, and communication confidence.

👉 Try HackerEarth OnScreen and practice the habits that help you stand out when it matters most.

Final Thought

Standing out at work is not about being the loudest person in the room.

It is about being:

  • Thoughtful
  • Clear
  • Calm under pressure
  • Confident in communication
  • Intentional in your responses

Professionals who consistently develop these habits often build stronger workplace relationships, better leadership presence, and long-term career success.

And the more you practice these habits, the more naturally they appear in the moments that shape your professional growth and career opportunities.

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