Global Layoffs of 2024: Key Lessons Job Seekers Must Carry Into 2025 – Times of India
As we prepare to enter 2025 with fresh professional aspirations, it's worth reflecting on the workforce trends of 2024. While some may carry fond memories of career achievements, for many, especially in the tech sector, 2024 was a challenging year. According to a TNN report, approximately 150,000 jobs were lost across major companies in 2024. Industry giants like Tesla, Intel, Cisco, and Microsoft were among the many that significantly scaled back their workforce.But what drove these massive layoffs? This wave of job cuts was largely attributed to cost-cutting measures, corporate restructuring, and the need to adapt to evolving market conditions. While the tech industry thrives on constant innovation, 2024 presented a series of challenges that forced companies to make tough decisions.Major...