---
title: Q3 2024 Tech Layoffs Update
description: We track the worldwide tech talent market and continue to see a stabilized level of companies announcing layoffs.
image: https://alten.capital/hubfs/Blogs%20Preview%20(3).png
---

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[Alten Capital](https://alten.capital/blog/author/alten)  October 2, 2024

# Q3 2024 Tech Layoffs Update

We track the worldwide tech talent market and continue to see a stabilized level of companies announcing layoffs.

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Layoffs.fyi ([https://layoffs.fyi/](https://layoffs.fyi/)) has been compiling data on tech layoffs since COVID, and the portal offers a consolidated view of this info. During Q3 2024, we saw a record-low number of companies announcing layoffs (~117) and the lowest number of affected employees this year (~38,000).

![layoffs-quarter-202409](https://alten.capital/hs-fs/hubfs/layoffs-quarter-202409.png?width=732&height=308&name=layoffs-quarter-202409.png)

On a monthly basis, 2024 started with a peak of announcements, with September showing the lowest number of companies announcing and employees being affected.

![layoffs-month-202409](https://alten.capital/hs-fs/hubfs/layoffs-month-202409.png?width=734&height=308&name=layoffs-month-202409.png)

The COVID tech demand we saw from 2020 to 2021 led to enterprise right-sizing efforts in late 2022 and early 2023, where we now seem to find a stable baseline of tech layoffs in general.

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