Tech layoffs continue to dip in October, a silver lining for job market stabilisation

Tech layoffs continue to be on the decline. In September, 35 companies in the tech industry sacked as many as 3,941 employees, and October saw 30 companies handing over the pink slip to 3,080 employees as per layoffs.fyi. Just when we thought September was the lowest in terms of layoffs, October springs a surprise with the trend continuing to be on the decline.

In October, four tech firms slashed over 400 jobs each, while nearly four companies reduced their staff by 300 each. Regardless, October marks the lowest point in the number of companies and employees affected this year.