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Tech Layoff Wave Continues

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a month ago

Summary

Multiple tech companies are cutting staff in 2024, following significant job cuts in 2023. Flexe, NuScale, Trigo, and InVision are among the companies affected, with some experiencing significant layoffs. VideoAmp is also laying off nearly 20% of its workforce.

Key Points

Flexe, an online retail logistics company, laid off 38% of its staff in January 2024.
NuScale, a small modular nuclear reactor company, laid off 28% of its staff in January 2024.
Trigo, a computer vision startup, is laying off 15% of its workforce.
InVision, a design collaboration startup, is shutting down at the end of 2024.

Why It Matters

The ongoing tech layoff wave highlights the challenges facing the industry and the need for companies to adapt to changing market conditions.

Author

Cody Corrall, Alyssa Stringer

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