According to TrueUp, March was the hardest-hit month, with 49,452 layoffs, following 27,223 in January and 24,631 in February.
The tech industry logged 298 layoff events affecting 129,440 people by May 12, according to TrueUp. March accounted for the largest monthly total at 49,452 job cuts, after 27,223 in January and 24,631 in February. The figures indicate that workforce reductions remained elevated through the early part of the year, with March standing out as the peak month in the data provided.