FOLLOW US

  • facebook
  • twitter
Thu

March 5, 2026

America October 18, 2024

Tech Job Cuts: How Companies Are Adapting to an Evolving Economy

America ı By Jackie Allen

350 0 Comments

This represents an increase of 0.8% compared to last year. September alone saw 72,821 job cuts, which is a 53% increase from the same month in 2023. AI is a growing factor in these layoffs. In September, AI accounted for 5,616 job cuts, contributing to a total of 12,742 AI-related layoffs in 2024.So far, all of these AI-driven cuts have been within the tech industry.

Disrupted Hiring Plans

Hiring plans are definitely on the decline.  US employers announced 403,891 planned hires in September 2024, a 32% drop from last year. This is notable since September typically has increased hiring to fill positions before the end of the fiscal year and the holiday season. These trends indicate that companies are trying to boost profitability in a slowing economy by cutting costs, either through job automation or workforce reduction.  In September, cost-cutting was cited as the reason for 15,750 layoffs, with store closures contributing to another 14,054 and market conditions accounting for 6,933 cuts.

Boosting Profit

After widespread layoffs in 2022 and early 2023, many tech companies have shifted to a more strategic, department-by-department approach to job cuts.

Previous Article

Crypto Market Likes Trump’s Election Odds, Digital Currency Hits Record Highs 

Read More
Jackie Allen
3074 Posts

Jackie Allen

Jackie is a freelance journalist and technology geek. She worked as a telecom project director for AT&T and BellSouth. Before joining the USA Herald she has written books, articles, blogs and whitepapers. Her clients include Samsung and other technology companies.

Don’t Miss It
Arizona December 12, 2024
Arizona Bar Opens Investigation on Attorney Aaron Kelly
By – Paul O'Neal
See More
Arizona January 11, 2025
Kelly Warner Law Firm Blames USA Herald for Arizona Bar Investigation

5/17/17 Based on the information released in The Washington Post article on 5/17/17, the USA Herald publishes another in-depth article that…

By – USA Herald
Arizona January 4, 2025
Aaron Kelly Law Firm Resorts To Attacking Former Client Again On KellyWarnerLaw.com – Pattern Recognized

Professor Volokh thereafter filed a bar complaint against Dan Warner with the Arizona Bar. This eventually led the ABA to…

By – Jeff Watterson
Arizona December 12, 2024
Arizona Bar Opens Investigation on Attorney Aaron Kelly

  Volokh, as part of his investigative work, had a private investigator research the defendants in some of theallegedly fraudulent…

By – Paul O'Neal
America March 5, 2026
Britney Spears Arrested for DUI in California After Early Morning Traffic Stop

Traffic Stops and Driving Violations Authorities also stopped Spears multiple times for traffic violations in 2023. According to ABC News…

By – Rachel Moore
America March 5, 2026
US Draft AI Chip Sales Rules Could Reshape Global Tech Power Balance

A Shift Away From Biden’s AI Strategy The new approach marks the administration’s most significant move toward a global semiconductor…

By – Rachel Moore
America March 5, 2026
Six Flags Amusement Parks Sale Signals Major Shake-Up in Theme Park Industry

Clues From Trademark Filings Earlier signals of the shift surfaced in January 2025, when trademark filings reviewed by PEOPLE revealed…

By – Rachel Moore
America March 5, 2026
Vast $500M Funding Fuels Race to Build the Next Generation of Space Stations

Roadmap to a Commercial Space Station Vast is targeting several major milestones in the coming years. The company plans to…

By – Rihem Akkouche
America March 5, 2026
Alexander Brothers Sex-Trafficking Trial Heads to Jury After Dramatic Closing Arguments

Prosecutors: Pattern of Abuse Spanning Years Federal prosecutors rejected those arguments forcefully during rebuttal. Assistant U.S. attorney Elizabeth Espinosa told…

By – Rihem Akkouche
America March 5, 2026
Savannah Guthrie Return to NBC Planned Amid Ongoing Search for Missing Mother

Evidence Found — But No Match In another twist, investigators recovered DNA evidence from a glove found near Nancy Guthrie’s…

By – Rihem Akkouche
America March 5, 2026
Britney Spears Arrested for DUI in California After Early Morning Traffic Stop

Traffic Stops and Driving Violations Authorities also stopped Spears multiple times for traffic violations in 2023. According to ABC News…

By – Rachel Moore
America March 5, 2026
US Draft AI Chip Sales Rules Could Reshape Global Tech Power Balance

A Shift Away From Biden’s AI Strategy The new approach marks the administration’s most significant move toward a global semiconductor…

By – Rachel Moore
America March 5, 2026
Six Flags Amusement Parks Sale Signals Major Shake-Up in Theme Park Industry

Clues From Trademark Filings Earlier signals of the shift surfaced in January 2025, when trademark filings reviewed by PEOPLE revealed…

By – Rachel Moore
America March 5, 2026
Vast $500M Funding Fuels Race to Build the Next Generation of Space Stations

Roadmap to a Commercial Space Station Vast is targeting several major milestones in the coming years. The company plans to…

By – Rihem Akkouche
America March 5, 2026
Alexander Brothers Sex-Trafficking Trial Heads to Jury After Dramatic Closing Arguments

Prosecutors: Pattern of Abuse Spanning Years Federal prosecutors rejected those arguments forcefully during rebuttal. Assistant U.S. attorney Elizabeth Espinosa told…

By – Rihem Akkouche
America March 5, 2026
Savannah Guthrie Return to NBC Planned Amid Ongoing Search for Missing Mother

Evidence Found — But No Match In another twist, investigators recovered DNA evidence from a glove found near Nancy Guthrie’s…

By – Rihem Akkouche
America March 5, 2026
Britney Spears Arrested for DUI in California After Early Morning Traffic Stop

Traffic Stops and Driving Violations Authorities also stopped Spears multiple times for traffic violations in 2023. According to ABC News…

By – Rachel Moore
America March 5, 2026
US Draft AI Chip Sales Rules Could Reshape Global Tech Power Balance

A Shift Away From Biden’s AI Strategy The new approach marks the administration’s most significant move toward a global semiconductor…

By – Rachel Moore
America March 5, 2026
Six Flags Amusement Parks Sale Signals Major Shake-Up in Theme Park Industry

Clues From Trademark Filings Earlier signals of the shift surfaced in January 2025, when trademark filings reviewed by PEOPLE revealed…

By – Rachel Moore
America March 5, 2026
Vast $500M Funding Fuels Race to Build the Next Generation of Space Stations

Roadmap to a Commercial Space Station Vast is targeting several major milestones in the coming years. The company plans to…

By – Rihem Akkouche
America March 5, 2026
Alexander Brothers Sex-Trafficking Trial Heads to Jury After Dramatic Closing Arguments

Prosecutors: Pattern of Abuse Spanning Years Federal prosecutors rejected those arguments forcefully during rebuttal. Assistant U.S. attorney Elizabeth Espinosa told…

By – Rihem Akkouche
America March 5, 2026
Savannah Guthrie Return to NBC Planned Amid Ongoing Search for Missing Mother

Evidence Found — But No Match In another twist, investigators recovered DNA evidence from a glove found near Nancy Guthrie’s…

By – Rihem Akkouche
America March 1, 2026
NASA Pushes Lunar Return to 2028 Amid Artemis Program Timeline Revision

Despite the delays, the agency emphasized that the revised schedule prioritizes reliability over speed. The new approach is intended to…

By – Ahmed Boughalleb
America February 28, 2026
U.S. And Israel Launch Major Strikes On Iran — What It Means For America

Continuation of military strikes if Iran persists in retaliatory attacks. Diplomacy or ceasefire negotiations if international pressure increases. A broader…

By – Samuel Lopez
America February 26, 2026
U.S. Court of Appeals for the Ninth Circuit Overturns $8M Asbestos Verdict Against BNSF Railway Co.

BNSF declined to comment on the decision. Judges Consuelo M. Callahan, Morgan B. Christen and Andrew D. Hurwitz sat on…

By – Tyler Brooks
America February 25, 2026
Missing DNA Evidence May Limit Investigation Into Nancy Guthrie Case, Sources Suggest

Representatives from FamilyTreeDNA emphasized that the company operates under strict privacy standards and does not directly conduct investigative work for…

By – Ahmed Boughalleb
America February 24, 2026
Grand Theft Auto 6 Targets November 2026 Launch as Price Leak Fuels $100 Debate

Underwater exploration is also expected to play a larger role, supported by new tools and environmental systems designed to enhance…

By – Ahmed Boughalleb
America February 23, 2026
40 Million Under Blizzard Warnings as Major Winter Storm Threatens U.S. East Coast

“This will be something the likes of which we have not seen in years,” Hochul said. She warned that residents…

By – Tyler Brooks
America March 5, 2026
Britney Spears Arrested for DUI in California After Early Morning Traffic Stop

Traffic Stops and Driving Violations Authorities also stopped Spears multiple times for traffic violations in 2023. According to ABC News…

By – Rachel Moore
America March 5, 2026
US Draft AI Chip Sales Rules Could Reshape Global Tech Power Balance

A Shift Away From Biden’s AI Strategy The new approach marks the administration’s most significant move toward a global semiconductor…

By – Rachel Moore
America March 5, 2026
Six Flags Amusement Parks Sale Signals Major Shake-Up in Theme Park Industry

Clues From Trademark Filings Earlier signals of the shift surfaced in January 2025, when trademark filings reviewed by PEOPLE revealed…

By – Rachel Moore
America March 5, 2026
Vast $500M Funding Fuels Race to Build the Next Generation of Space Stations

Roadmap to a Commercial Space Station Vast is targeting several major milestones in the coming years. The company plans to…

By – Rihem Akkouche
America March 5, 2026
Alexander Brothers Sex-Trafficking Trial Heads to Jury After Dramatic Closing Arguments

Prosecutors: Pattern of Abuse Spanning Years Federal prosecutors rejected those arguments forcefully during rebuttal. Assistant U.S. attorney Elizabeth Espinosa told…

By – Rihem Akkouche
America March 5, 2026
Savannah Guthrie Return to NBC Planned Amid Ongoing Search for Missing Mother

Evidence Found — But No Match In another twist, investigators recovered DNA evidence from a glove found near Nancy Guthrie’s…

By – Rihem Akkouche
America March 1, 2026
FDA Announces Recall of Rhino Choco VIP 10X Supplement After Undeclared Erectile Dysfunction Drug Found in Chocolate Product

Undeclared active drug compounds in sexual enhancement products have been an ongoing concern for health authorities. These products are often…

By – Ahmed Boughalleb
America February 21, 2026
When The Files Are Finally Unsealed The Most Mind-Bending Truth May Not Be What We Expect

[USA HERALD] – There is a widespread assumption that if governments release their most highly classified files related to unidentified…

By – Samuel Lopez
America February 17, 2026
Civil Rights Icon Rev. Jesse Jackson Dies at 84 As President Trump Issues Personal Tribute

Domestically, he applied sustained pressure on corporations to diversify their leadership ranks and invest in minority communities. He publicly challenged…

By – Samuel Lopez
America February 13, 2026
Clues to Savannah Guthrie Missing Mom’s Disappearance Found on Security System

Savannah Guthrie Concerned about Ongoing Investigation With the case entering its second week, investigators remain focused on integrating physical evidence…

By – Jackie Allen
America February 8, 2026
Mike Tyson Urges Americans to ‘Eat Real Food’ in Emotional Super Bowl Ad Highlighting Health Risks

Boxing legend Mike Tyson is using his platform ahead of Super Bowl 60 to address a personal and national health…

By – Tyler Brooks
America February 7, 2026
Deadly “Death Cap” Mushrooms in California Cause Multiple Deaths and Liver Transplants Amid Rare Super Bloom

California health officials are warning the public after four deaths and three liver transplants linked to the highly toxic death…

By – Ahmed Boughalleb
America March 1, 2026
Cadillac Names Inaugural Formula 1 Car MAC-26 in Tribute to Mario Andretti Ahead of 2026 Australian Grand Prix Debut

That persistence ultimately paid off, culminating in the green light for Cadillac’s 2026 entry. Leadership and Vision Team principal Graeme…

By – Ahmed Boughalleb
America February 20, 2026
Norway Tops Medal Table After Day 13 at 2026 Winter Olympics as Team USA Surges Into Second Place

Upcoming Medal Events Medal competition continues Friday, February 20, with several key finals scheduled. Events awarding medals include: Women’s ski…

By – Ahmed Boughalleb
America February 16, 2026
Olympic Villages Run Out of Condoms at 2026 Milan-Cortina Games

Condom supplies in the Olympic Villages at the 2026 Winter Games have been temporarily depleted, the Milan-Cortina organizing committee confirmed,…

By – Tyler Brooks
America February 12, 2026
Arizona Authorities Escalate Search for Savannah Guthrie’s Mom to a Criminal Investigation

USA TODAY’s live coverage: https://www.usatoday.com Pima County Sheriff’s Office: https://www.pimasheriff.org NBC News reporting: https://www.nbcnews.com As the investigation continues, officials say…

By – Jackie Allen
America February 10, 2026
What is Aegosexuality?

This early classification, however, sparked significant criticism. Advocates argue that placing aegosexuality in this category not only misunderstood the experience…

By – Jackie Allen

No posts found.

No posts found.

No comments No comments yet. Be the first to comment!

Signup for the USA Herald
exclusive Newsletter