Layoffs In March 2024. Staff and stopping investment in. Announced 90,309 job cuts in march — a 7% increase from february, according to data released.

In 2023, nearly 2,000 tech companies made significant layoffs, resulting in over 260,000 tech workers out of their job by december that year. The layoffs are part of ibm’s latest “workforce rebalancing” efforts, following the company’s announcement last august of plans to replace nearly 8,000 roles with ai.