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Summary.
In today’s climate, large-scale layoffs are in the news often. The industry being hit the hardest right now is tech, with more than 100,000 roles being cut in 2024 so far, including from large companies like Microsoft, Intuit, and Dell. With such high-profile companies making widespread staff cuts, it’s only natural for leaders to wonder if reducing headcount might be the answer to their business’s woes, too.