Job Cuts news and trends

PwC Plans to Cut1,800 Jobs Citing Changing Market Demand 
Personnel // September 11, 2024

Accounting giant PricewaterhouseCoopers (PwC) is reportedly cutting around 1,800 jobs. The layoffs, its first in 15 years, will be accompanied by a restructuring of PwC’s technology group amid slowing demand for its advisory services, the Wall Street Journal reported Wednesday (Sept. 11), citing sources familiar...

Tech Layoffs Reach 132,000 8 Months Into 2024
Technology // August 18, 2024

This year is shaping up to be a painful one for people working in tech. As Seeking Alpha noted in a report Sunday (Aug. 18), layoffs in the tech space accelerated this month, with Cisco and Intel announcing the elimination of close to 21,000 jobs....

AI’s Rise Helps Fuel Uptick in Tech Layoffs
artificial intelligence // July 14, 2024

Artificial intelligence (AI) is playing a role in recent tech sector job cuts. Layoffs in the tech industry for the year exceeded 100,000 as of July 12, Seeking Alpha (SA) reported Sunday (July 14), citing data from the tracker Layoffs.fyi. Among the most recent layoffs...

2024 Tech Industry Layoffs Approach the 100K Mark
Economy // June 25, 2024

Last year was a rough one for the tech industry, which lost 260,000-plus jobs. Halfway into 2024, the sector has already cut 99,672 positions, Seeking Alpha reported Monday (June 24), citing data from the industry tracker Layoffs.fyi. The tech field eliminated 165,269 positions in 2022, the report...

Quick Reads
Visa to Lay Off 1,400 as It Streamlines International Business

October 29, 2024
Visa will reportedly lay off 1,400 employees and contractors, including about 1,000 in technology positions, by the end of the year. The company aims to streamline its international business with these cuts, The Wall Street Journal (WSJ) reported Tuesday (Oct. 29). Together with the 1,000 cuts in technology positions, the remainder of the layoffs will […]

PwC Plans to Cut1,800 Jobs Citing Changing Market Demand 

September 11, 2024
Accounting giant PricewaterhouseCoopers (PwC) is reportedly cutting around 1,800 jobs. The layoffs, its first in 15 years, will be accompanied by a restructuring of PwC’s technology group amid slowing demand...

Tech Layoffs Reach 132,000 8 Months Into 2024

August 18, 2024
This year is shaping up to be a painful one for people working in tech. As Seeking Alpha noted in a report Sunday (Aug. 18), layoffs in the tech space...

AI’s Rise Helps Fuel Uptick in Tech Layoffs

July 14, 2024
Artificial intelligence (AI) is playing a role in recent tech sector job cuts. Layoffs in the tech industry for the year exceeded 100,000 as of July 12, Seeking Alpha (SA)...