Tech layoffs in 2024 touch 50,000: IBM, Dell, Ericsson, Vodafone and others cut 100s of jobs in March

In the first two months of 2024, the technology industry has grappled with a wave of layoffs as companies prioritize efficiency over growth in response to challenging market conditions. The job cuts, which began in 2023 with over 250,000 positions eliminated, have continued into the new year. Till March the industry saw around 50,000 roles eliminated across significant tech giants, according to tracking site Layoffs. Fyi. Here are the biggest layoffs in the month of March this year.

IBM cut jobs across teams
IBM’s Chief Communications Officer, Jonathan Adashek, announced job cuts in the company’s marketing and communications divisions during a brief seven-minute meeting.