As of October 15, 2024, layoffs in the tech sector remain high.
Major companies are cutting jobs, continuing a trend seen throughout the year:
- Tesla is reportedly scaling back, with job cuts affecting some of its operations.
- Toshiba has also announced layoffs, affecting thousands as part of its ongoing restructuring plans.
- SunPower, a solar technology company, is reducing its workforce significantly to cope with financial challenges.
- Lumen Technologies is restructuring, which involves significant job cuts to align with its new business strategy.
These layoffs are part of a broader trend in the tech industry, which has seen a considerable reduction in jobs across various sectors including AI and green technology​.