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DeepNewz, mobile.
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The tech industry in Austin has been hit by hundreds of layoffs in 2024, with 2,907 job cuts reported this month. January layoffs this year, excluding January 2023, are the highest since 2009, according to Challenger, Gray & Christmas. Another record-breaking jobs report is anticipated despite the layoffs.
“Many of the workers feel they could lose their homes due to the sudden and unexpected layoff, which some of them believe could be retaliation for standing up today," according to an Austin City Council press release. https://t.co/KsmpgWHHPI https://t.co/7eqmg38Mmd
5,957 job cuts this month, so far #MacroEdge https://t.co/c4mkgcv2vs
Excluding January 2023, the January layoffs this year represent the highest number of job cuts announced in the first month of the year since January 2009, according to Challenger, Gray & Christmas. And yet we anticipate another record breaking jobs report.
