Upstart Layoffs 2024. For the tech industry that has seen quite a bit of upheaval in the last two years, 2024 seems to be a continuation of a mix of earlier factors at play. The tech industry's current wave of layoffs raises critical questions about ai's impact, workforce resilience, and the future of work in an evolving digital landscape.

The layoffs this year suggest that companies are cutting in more targeted areas—even as some of the biggest tech companies have continued to grow, adding more jobs than they’ve cut. Though the layoffs will lead to a financial hit of roughly $15 million, which includes severance costs, upstart said it expects to realize $57 million in savings over the next 12.