<ul><li>Over-hiring during the pandemic led to a need for layoffs to cap excessive workforce.</li><li>Investors pressured companies to cut expenses as post-pandemic revenue per employee declined.</li><li>Tech industry experiences a herding effect, with layoffs boosting stock prices, gaining investor favor.</li><li>"Copycat layoffs" emerged, as companies in the same sector mirrored each other's actions.</li><li>Smaller startups struggle with cash, fundraising, contributing to the surge in layoffs.</li><li>Companies prioritize investments in generative AI, while January sees widespread reorganization and restructuring.</li></ul>

With nearly 25,000 tech workers being laid off in the first month of 2024; here's why it's happening

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