Tech and Media Layoffs Surge in May, Taper in June

The volume of layoffs announced by technology and media companies surged in May, driven by a large round of cuts at IT services firm DXC Technology, before slowing in June. So far this year, tech and media companies have laid off far more employees than at this point in 2018, according to state regulatory filings, news reports and data collected by staffing firm Challenger, Gray & Christmas.

Layoffs in the two industries, including telecommunications, totaled 35,284 from January to the end of June 2019, compared with 14,315 over the same period last year, data from Challenger, Gray show.