Tech Layoffs May 2024 Tech Layoffs. Here's an updated timeline of notable layoffs, and reasons why big tech is in turmoil. The investment bank plans to cut more than 1,300 employees, or about 3% to 4% of its global workforce, as part of an annual review process to cull low performers,.

May witnessed as many as 39 companies laying off 9,742 employees, as per layoffs.fyi, a website that tracks global. The covid tech bubble bursts.