Recent Layoffs News 2024 News. In 2024, as of july 30, as many as 1,90,049 people have been laid off from 380 companies worldwide. Nike, mattel, paypal, cisco, levi strauss and ups are just a few of the companies that have announced layoffs in recent weeks.

Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand. This brings the total number of layoffs for the year to 124,517 from 384 companies around the globe.