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Tesla started sending out severance packages to laid off employees on Wednesday.
Tesla started sending out severance packages to laid off employees on Wednesday.
Tech Insider : Economy

Nearly 50,000 tech workers have lost their jobs since the start of this year. Now, Gen Zers are looking at a different sector for job security.

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young woman getting laid off
AI's contribution to mass layoffs has yet to be determined.
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Pedestrians walk past the offices of accounting and auditing firm EY, formerly Ernst & Young, in London on November 20, 2020.
Big Four firms have cut hundreds of jobs in the past year.
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Google employees at the company's Silicon Valley campus
Google employees at the company's Silicon Valley campus

2024 has started with another wave of tech industry layoffs. This time, though, the cuts are way smaller.

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A stressed millennial
US companies have cut thousands of jobs since the beginning of the year.
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Carol B. Tome on a yellow and brown collage
The job cuts will reportedly save UPS $1 billion in 2024.