Tech layoffs 2024: Over 9,500 employees lose job across 39 companies in May

Amidst the turbulence of economic uncertainties, layoffs continue to cast a shadow over the tech industry’s workforce. As many as 39 companies have laid off a total of 9,742 employees in May this year, according to a report by The Times of India, citing a report by tech layoffs tracker layoffs.fyi.

With this, as many as 89,333 employees have been laid off across 306 tech companies in 2024 so far. The report by the layoff tracker website states that there has been a decrease in layoffs in May, as compared to April when 21,473 layoffs were reported across 50 companies.