Tech Industry Shifts and Layoffs in 2024: Impact on Business Travel and Event Sectors
Discover how 2024’s tech layoffs and restructuring impact the travel and events industry. Key trends include budget shifts, security concerns, and the rise of AI.
As the tech industry undergoes massive restructuring, 2024 continues to be a transformative year. Broadcom’s acquisition of VMware has led to extensive changes, impacting thousands of employees and altering partnerships and pricing strategies. Tech giants like Google, Salesforce, and Intel are navigating an economic slowdown and increased AI integration, resulting in significant layoffs. The cybersecurity industry also faces rising ransomware threats, affecting IT budgets and security spending worldwide.
These changes could reshape business travel and events, as companies reduce budgets, affecting hotels, airlines, and event venues that rely on corporate clients. With remote work and leaner teams becoming common, tech-driven events may also see smaller in-person attendance, creating challenges and opportunities for the travel sector.
