Massive job cuts continue across tech sector in 2025, with 22,000 roles lost

In the first quarter of 2025, the tech industry is witnessing a wave of layoffs, with over 22,000 positions already eliminated. This trend follows the significant job cuts of 2024, which saw approximately 150,000 roles axed across the sector. The ongoing downsizing reflects broader economic uncertainties and shifts in market demands, leaving many professionals in search of new opportunities. Major players like Match Group and CrowdStrike have contributed to the latest figures, as they streamline operations to maintain financial stability. These companies, among others, are reassessing their workforce needs in response to evolving technology landscapes and competitive pressures. The layoffs highlight the challenges tech firms face in balancing innovation with fiscal responsibility. Industry experts suggest that while the current situation is challenging, it may lead to a more sustainable and focused tech ecosystem in the long run. As companies prioritize strategic growth areas, there may be emerging opportunities in fields like AI and cybersecurity. However, for now, the immediate impact is one of uncertainty for thousands of displaced workers navigating a competitive job market.

— Authored by Next24 Live