The tirade of tech layoffs shows no signs of slowing down in 2025, as 11,299 tech workers have lost their job since the beginning of the year, according to research from Rationalfx.

The company tracked company announcements, rounds ups from TrueUp, TechCruch, and Layoffs.fyi to reveal the staggering degree of tech layoffs carried out in 2024. While 2025 is at a slower start, according to the research, the trend of tech layoffs appears to be going no where, despite mega profit margins for global tech companies.

2024 was a turbulent year for the tech sector, to put it mildly – 280,991 people lost their jobs in the sector as economic headwinds whipped the tech industry, and undulating market demands shook the sector’s sense of stability.

The research found that over half of 2024’s layoffs – 157,950 – were from US companies, highlighting the country’s pivotal role in the tech industry and its global grasp on the sector.

In comparison, 4,321 UK tech workers lost their jobs.

In 2024, Dell cut the most workers, with 18,500 layoffs, followed by Intel and Amazon, which each cut about 15,000 jobs.

Downsizing appears to be the overarching trend in the sector since the pandemic’s hiring boom faded and the rise of AI urges for more automation and reallocation of resources.

However, many companies that have restructured have actually reported revenue increases in 2023 and 2024, with record-high earnings for shareholders, the research found.

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Even as layoffs surge, many companies have not ceased in their hiring efforts, and instead are focused on temporary workers, or even gig-like contracts.

The 2025 layoffs are still largely driven by the same factors cited in 2024, though CEOs like Meta’s Mark Zuckerberg saying he was cutting about 3,600 “low performers” was not directly in reference to AI, inflation, or economic headwinds.

Performance-based layoffs appear to be on trend, as Microsoft also announced the same when it cut 2,280 workers.

Amazon was less transparent in its announced layoffs, which it at first deemed as “small,” though they are now expected to reach 2,000 workers.