1 lakh jobs axed in July in the technology sector: How to secure your position amidst massive tech layoffs in 2024

In 2024, the tech sector faces unprecedented volatility, with over 8,000 job losses in July alone, bringing the year’s total to 124,517 layoffs globally. Economic pressures and rapid technological shifts drive major companies like Intel and Microsoft to cut staff. To navigate this turbulent landscape, professionals must upskill, showcase their value, and network strategically to enhance job security and prepare for future opportunities.