Tech layoffs fall in October as IT industry shows signs of stabilising

Following a wave of layoffs across the tech industry earlier this year, the pace of job cuts has been steadily decreasing in recent months. In September, 35 tech companies laid off approximately 3,941 employees, while October saw a further drop, with 30 companies shedding 3,080 jobs, according to data from layoffs.fyi.

October’s numbers reveal a continuing decline, maintaining the trend established in previous months and marking one of the lowest points for layoffs since 2023.