Layoffs 2024 Statistics Formulas. There was a 10% increase in layoffs last year from the previous year โ 19.8 million in 2023 compared with 17.6 million in 2022, according to an analysis of bureau of labor statistics data. We hope that trend reverses itself in 2024.
Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand. Use these hr statistics to guide your organization’s growth and retention strategies as technology and workplace cultures evolve in 2024.