Here’s a good reason to carefully read what data purveyors and analysts give you. This is from Martin of Newsworthy Data. He’s a data scientist.
First off, this is negative in tone, which is thought to be newsworthy (unstated, but true).
2024 Tech Layoffs
He uses emotionally laden words…revealing the technology firms that have slashed the most jobs in 2024 so far.
And…record-breaking 263 thousand job losses last year, the global technology sector continues to face significant workforce reductions in 2024 and a total of 203,946 positions have been eliminated across more than 165 tech companies worldwide so far this year.
U.S.-based tech companies have been leading the global tech layoffs in 2024 so far, accounting for an astounding 115,257 job cuts, or 56.51% of the worldwide total.
OK, just where are the most tech jobs? Half seems within some sort of rational order.
Within the U.S., tech firms based in California and Texas have led in job cuts, impacting 48,055 and 35,066 employees, respectively, and accounting for over 70% of the nation’s total reductions.
In which states are tech firms concentrated? Oh, California and Texas. Duh.
Conversely, companies in Montana and Virginia have reported the fewest tech job cuts this year, with a combined total of just 90 positions slashed.
Oh, yes, that high tech bastion of Montana.
When you get statistics thrown at you especially in mass media (or social media), check carefully. The only real news here is that many tech companies were bloated and were forced to reduce workforce. He doesn’t address who was hiring to offset some or all of this.
