While 62% of tech CFOssurveyed plan job cuts, all said their
organizations will probably expand overall headcount this year,
according to a BDO study.
The start of the year has already seen a flurry of layoff
announcements in the tech sector, and analysts say this may be just
the beginning.
Meta, Microsoft and Workday are among over 50 tech companies
that have announced staff reductions so far this year, impacting a
total of more than 13,000 workers, according to a tally by
layoffs.fyi.
"I anticipate that we'll continue seeing job cuts in
tech —unlikely at the levels that we saw in 2023 or last
year, but I don't think we're quite through with it,"
Andy Challenger, a senior vice president at outplacement firm
Challenger, Gray and Christmas, said in an interview.
