In 2024, major tech companies faced significant workforce reductions, with around 150,000 jobs eliminated due to cost-cutting initiatives and organizational restructuring.

Uber's workforce was reduced by 6,700 employees, a move prompted by a decline in ridesharing business and a reevaluation of its self-driving units, along with the closure of several offices.

Intel announced plans to lay off 15,000 employees, which constitutes over 15% of its workforce, as part of a strategy to cut $10 billion in costs by 2025 amidst substantial financial losses.

Dell also made headlines with a layoff of 6,000 employees, marking its second major reduction in two years, driven by weak PC demand and an 11% revenue decline in 2023.

PayPal cut its workforce by 9%, laying off 2,500 employees as it seeks to navigate increased competition and focus on profitable growth.

Microsoft's layoffs impacted 1,900 employees in its gaming division and an additional 650 corporate roles, coinciding with significant leadership changes within the company.

Cisco's workforce was reduced by around 10,000 employees through two rounds of layoffs, with a 5% cut affecting 4,000 employees in February and a subsequent 7% cut impacting another 6,000 jobs.

Canadian telecommunications company Bell laid off approximately 4,800 employees via brief video calls, citing the need for organizational simplification.

Xerox is cutting over 3,000 jobs, about 15% of its workforce, to streamline operations and shift its focus towards IT and digital services.

Tesla executed two rounds of layoffs, reportedly cutting at least 14,000 employees initially, with total reductions potentially exceeding 20,000 as CEO Elon Musk emphasized a stringent staffing approach.

Byju's also faced challenges, cutting approximately 2,500 jobs, which is around 5% of its workforce, as it addresses ongoing debt issues.

SAP's restructuring plan will affect 8,000 employees, representing over 7% of its workforce, although the company anticipates that its overall headcount will stabilize by year-end.