The first quarter of 2024 saw a deluge of layoffs hit the video gaming industry after more than 10,000 global jobs were cut in 2023.
Halfway through the year, and the damage done is dumbfounding.
By the end of June, 2024’s global gaming layoffs had fully outpaced last year. Q1 did see heavier cuts at prominent companies including
variety.com/vip/gaming-layoffs-surpassed-2023-total-1236059808/
Bay Area tech layoffs jumped during the last three months and soared to their highest quarterly totals in over a year, an ominous sign the crucial sector’s wrenching cutbacks have yet to run their course.
During the April-through-June period of this year, tech companies revealed plans to chop well over 7,000 jobs in the Bay Area, according to this news organization’s compilation of official notices that employers sent to the state labor agency.
The 7,062 tech industry layoffs during the second quarter of 2024 represented the most job cuts for the industry in this region for a three-month segment since the January-through-March period of 2023, the review of the state WARN notices shows.
In the first quarter of 2023, tech companies disclosed plans to slash 10,154 jobs in the Bay Area, which was the worst three-month period since the tech industry began its current quest to jettison workers in a quest for efficiency and an improved bottom line.
The tech industry’s layoffs have continued in recent days.
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