Why Are There So Many Layoffs 2024. Since the start of the year, media, tech and video gaming industries have been hit hard by layoffs. Singapore — the massive layoffs in the technology industry that took place over the last two years seem to be.
Over recent months, tech companies have been laying workers off by the thousands. Meta’s ceo said tech execs realized conducting tough layoffs didn’t end their companies — and there can be benefits to being leaner.