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Technology companies have continued to lay off staff in 2024, despite improving fundamentals. Here's an updated timeline of notable layoffs, and reasons why Big Tech is in turmoil.

Layoffs in 2023: As the sun sets on 2023, a stark reality hangs heavy over the Indian tech landscape - downsizing. Over 15,000 employees across nearly 100 startups were handed pink slips this year, a chilling echo of a prolonged funding winter and challenging global conditions.

Tiger Global-backed Koo, an Indian alternative to Twitter, has laid off 30 per cent of its workforce of 260 employees in the last year as the budding firm, like many other start-ups in the country, battles global headwinds. 'It's important for businesses of all sizes to adopt efficient and conservative approaches to see this period through. 'In line with this, we have acted on some role redundancies by letting go of 30 per cent of our workforce over the course of the year,' said a Koo spokesperson.

So far in 2023, technology companies have laid off more employees than in any other month since the pandemic started. Here's an updated timeline of the more notable layoffs, and the reasons why Big Tech is in turmoil.