Massive Layoffs In 2024 In India. Ibm (international business machines corporation) is shutting down its key research and development (r&d) division in china. So far more than 32,000 workers lost their jobs in the sector.

Despite the sector itself managing to brave economic downturns, tech companies have laid off many employees en masse until now in 2024.  — according to layoffs.fyi, a site that tracks tech layoffs, 1,04,410 employees have been laid off by 360 companies in 2024 so far.