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1 Lakh Jobs Axed In July In The Technology Sector: How To Secure Your Position Amidst Massive Tech Layoffs In 2024

  • In 2024, the tech sector faces unprecedented challenges, with over 124,000 layoffs globally, including 8,000 in July alone. Companies like Intel and Microsoft are cutting jobs due to economic pressures and rapid technological shifts.
  • To secure your position, focus on continuous upskilling, particularly in emerging areas like AI and cloud computing. Showcase your achievements, enhance your soft skills, and network strategically both within and outside your organization.
  • Adaptability and a proactive approach in high-impact projects are key. 
  • Additionally, consider diversifying your income and stay informed about industry trends to navigate this volatile landscape.

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