The ongoing tech layoff wave has seen more than 130,000 job cuts across 457 companies in 2024, as reported by Layoffs.fyi. Major players like Tesla, Amazon, Google, and Microsoft have announced significant layoffs. Smaller startups are also affected, with some shutting down entirely. These job losses raise concerns about the impact on innovation and highlight a shift towards AI and automation. The situation underlines the human cost of layoffs and the challenges faced by the tech industry amid economic uncertainties.