Wave of job cuts at U.S. companies again this year
In the United States, many companies across industries such as technology, media, finance, and retail have drastically reduced the number of employees in 2023, and this measure is expected to continue.
American technology, media, financial and retail companies such as Google, Meta, Goldman Sachs and Dow laid off some employees last year, and this is expected to accelerate this year. Companies like Dropbox, Google, and IBM have blamed their layoffs on their focus on artificial intelligence . According to one survey, 38% of American executives are likely to lay off some employees in 2024. Approximately half of them also said their companies have no plans to hire new employees. In addition, multiple media outlets, including Business Insider, have reported that 2024 will be the ``year of efficiency,'' where a rush to reduce personnel will continue in the high-tech industry.
