- Last year’s job cuts weren’t the end of layoffs. Further reductions continue in 2024.
- Companies like Goldman Sachs, Tesla, Google, Microsoft, Nike, and Dell have announced plans for cuts.
- See the list of companies reducing their worker numbers in 2024.
After a brutal year of layoffs in 2023, companies this year have continued to cut jobs across tech, media, finance, manufacturing, and retail.
Tech titans like IBM, Google, and Microsoft; finance leaders like Goldman Sachs, Citi, and BlackRock; entertainment behemoths like Pixar and Paramount; and corporate giants like Tesla, Dow, and Nike have all announced layoffs. In August, automotive companies Stellantis and GM joined the mix, with the latter laying off more than 1,000 employees, primarily in its software business.
A survey in late December of last year said nearly 40% of business leaders had expected layoffs this year, ResumeBuilder said. ResumeBuilder talked to about 900 leaders at organizations with more than 10 employees. Half of those surveyed cited concerns about a recession as a reason for potential layoffs.
Another major factor survey respondents cited was artificial intelligence. Around four in 10 leaders said they would conduct layoffs as they replace workers with AI. Dropbox, Google, and IBM have already announced job cuts related to AI.
Here are the dozens of companies with job cuts planned or already underway in 2024.
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