In 2024, the tech industry experienced a notable decrease in layoffs, with 542 companies terminating over 151,000 employees, marking a 42% decline in job cuts compared to the previous year. This reduction is attributed to a rebound in the industry following significant losses in 2023. While the wave of layoffs from the prior year extended into early 2024, data indicates that the latter part of the year saw fewer job cuts as companies aimed to restructure and stabilize. Major firms, including Microsoft, Google, and Apple, were among those implementing layoffs as part of their efforts to navigate the economic challenges faced in 2023. The year has been characterized as a period of reset for the tech sector, with signs of renewed growth and a burgeoning interest in artificial intelligence.