- Last year’s job cuts do not mark the end of layoffs. Further reductions began in 2024.
- Companies like IBM, Google, Microsoft, Nike and Intel have announced workforce reductions this year.
- See the full list of companies reducing employee numbers in 2024.
Many companies in the technology, media, finance and retail sectors have made significant reductions in their workforce in 2023. Tech titans like IBM, Google, Microsoft, financial giants like Goldman Sachs and manufacturers like Dow have all announced layoffs.
The year 2024 also looks gloomy. And it’s only March.
Nearly 40% of business leaders surveyed by ResumeBuilder think layoffs are likely at their company this year, and about half say their company will implement a hiring freeze. ResumeBuilder spoke with approximately 900 leaders of organizations with more than 10 employees. Half of those surveyed cited fears of a recession as the reason.
Another major factor: artificial intelligence. About 4 in 10 respondents said they would make layoffs to replace workers with AI. Dropbox, Google and IBM have already announced AI-related job cuts.
Here are 30 companies whose job cuts are planned or already underway in 2024.
businessinsider
