When will Mass Layoffs in Tech & IT STOP? | Good & Bad Layoffs News 2024 | IT Layoffs | Tech Layoffs
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Layoffs 2024 have been in the news for a while now. We all know about layoffs 2023 which included Microsoft Layoffs, Google Layoffs, Amazon layoffs, and even some other big tech companies resorted to layoffs. Recently we have seen Wipro layoffs, ESPN layoffs, EY layoffs, among others. This leads to the question, why are layoffs happening now? More specifically, why are tech layoffs happening in 2024? You may also ask, “Will layoffs continue in 2024?” These are all valid questions if we consider the recent tech layoffs and IT layoffs in India as well as abroad.
When will layoffs end? To answer this question, we need to look at the reasons behind layoffs. The first reason is the AI layoffs or AI-induced layoffs. Many of the jobs that were earlier done by humans are now done using AI bots and machine learning technology. Also, companies who are not employing AI in their daily work still need enough money to invest into developing the AI capabilities that they need to succeed against their competitor. If we talk about which jobs AI will replace, then it is evident that many repetitive jobs have already started going out of commission.
IT layoffs India and also Tech layoffs 2024 have a lot to do with the emergence of AI and its increasing use in the field. Mass layoffs in tech happen because many tech companies like Google want to invest their resources into the development of AI rather than spend the same money on their tech employees. When will layoffs end? It is estimated that layoffs in 2024 won’t be as many as layoffs in 2023. Why so many layoffs are happening can be understood by the change in the market and how mass layoffs are impacting tech employees across the world.
IT layoffs 2024 and other mass layoffs have prompted the whole tech industry into a frenzy of mass layoffs. But these layoffs may continue in 2024, however, the number of layoffs is going to decrease this year in comparison to layoffs 2023. I have shared other important points related to layoffs. Hope you find this video helpful, see you in the next one.
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About Me
I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video
*****
Chapters
0:00 - Intro
0:45 - #1 Reason for Layoffs 2024
1:45 - #2 Reason for Layoffs 2024
3:03 - #3 Reason for Layoffs 2024
3:40 - #1 Positive trend in Layoffs 2024
4:34 - #2 Positive trend in Layoffs 2024
5:37 - #3 Positive trend in Layoffs 2024
6:19 - #4 Positive trend in Layoffs 2024
7:48 - Outro
If you are applying for fall 2024 MBA programs, check out the global MBA fellowship program: https://bluechapter.com/global-mba-fe...
*****
Follow me here LinkedIn - LinkedIn: pavan-sathiraju
Instagram - Instagram: pavan.sathiraju
*****
Layoffs 2024 have been in the news for a while now. We all know about layoffs 2023 which included Microsoft Layoffs, Google Layoffs, Amazon layoffs, and even some other big tech companies resorted to layoffs. Recently we have seen Wipro layoffs, ESPN layoffs, EY layoffs, among others. This leads to the question, why are layoffs happening now? More specifically, why are tech layoffs happening in 2024? You may also ask, “Will layoffs continue in 2024?” These are all valid questions if we consider the recent tech layoffs and IT layoffs in India as well as abroad.
When will layoffs end? To answer this question, we need to look at the reasons behind layoffs. The first reason is the AI layoffs or AI-induced layoffs. Many of the jobs that were earlier done by humans are now done using AI bots and machine learning technology. Also, companies who are not employing AI in their daily work still need enough money to invest into developing the AI capabilities that they need to succeed against their competitor. If we talk about which jobs AI will replace, then it is evident that many repetitive jobs have already started going out of commission.
IT layoffs India and also Tech layoffs 2024 have a lot to do with the emergence of AI and its increasing use in the field. Mass layoffs in tech happen because many tech companies like Google want to invest their resources into the development of AI rather than spend the same money on their tech employees. When will layoffs end? It is estimated that layoffs in 2024 won’t be as many as layoffs in 2023. Why so many layoffs are happening can be understood by the change in the market and how mass layoffs are impacting tech employees across the world.
IT layoffs 2024 and other mass layoffs have prompted the whole tech industry into a frenzy of mass layoffs. But these layoffs may continue in 2024, however, the number of layoffs is going to decrease this year in comparison to layoffs 2023. I have shared other important points related to layoffs. Hope you find this video helpful, see you in the next one.
*****
About Me
I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video
*****
Chapters
0:00 - Intro
0:45 - #1 Reason for Layoffs 2024
1:45 - #2 Reason for Layoffs 2024
3:03 - #3 Reason for Layoffs 2024
3:40 - #1 Positive trend in Layoffs 2024
4:34 - #2 Positive trend in Layoffs 2024
5:37 - #3 Positive trend in Layoffs 2024
6:19 - #4 Positive trend in Layoffs 2024
7:48 - Outro
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