Layoffs 2024 Statistics Definition. Julie su, the acting secretary for the u.s. Breaking down the numbers, around 2.5% of turnover is attributed to quitting, while around 1% is attributed to layoffs and firings.

We rank the biggest tech layoffs in 2024 by the number of workers affected in each company. There was a 10% increase in layoffs last year from the previous year — 19.8 million in 2023 compared with 17.6 million in 2022, according to an analysis of bureau of labor statistics data.