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Tech Layoff Wave Continues in 2024

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7 hours ago

Summary

Layoffs continued across the tech industry in 2024, with companies like Flexe, Nuscale, Trigo, Invision, Videoamp, Orca Security, and Frontdesk announcing significant layoffs. Warehousing and logistics company Flexe laid off 38% of its staff in January, while Nuscale, a small modular nuclear reactor company, let go 28% of its workforce.

Key Points

Flexe, an online retail logistics company, laid off 38% of its staff in January.
Nuscale, a small modular nuclear reactor company, let go 28% of its workforce and is shifting its focus to key strategic areas.
Trigo, focused on computer vision for retailers, reportedly laid off 15% of its workforce.
Invision, a design collaboration startup, shut down after a 12-year run.

Why It Matters

The ongoing tech layoffs highlight the industry's shifting landscape and the need for companies to adapt to changing market conditions.

Author

Cody Corrall, Alyssa Stringer

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