Throughout the end of 2022 and beginning of 2023, the tech industry endured massive layoffs. Some of the biggest names in tech cut tens of thousands of workers; startups shut down, forcing their employees to look for new jobs. Twelve months later, however, tech layoffs seem to have declined to a far more manageable level.

According to layoffs.fyi, which crowdsources its layoff data, December 2023 saw the lowest layoffs of the past year. Companies cutting back employees last month included Cruise, the self-driving car startup (which laid off 900 people, or 24 percent of its workforce); Spotify, the streaming-music giant (1,500 employees cut); and eBay (which reduced its headcount by a mere 20 employees). Here’s the 13-month breakdown:

(And yes, as we’ve noted before, crowdsourcing isn’t always the most scientific method of data collection. However, numerous publications and websites rely on layoffs.fyi’s data, and they update quickly, so we’re inclined to trust their results.)

New years sometimes begin with a burst of high-profile layoffs, and 2024 is no different: Twitch, the video-game streamer, laid off 500 people this week, and Unity, the maker of an ultra-popular game development platform, reduced its staff by 1,800 (or roughly 25 percent). But that’s a far cry from this time last year, when fears of an economic recession and reduced profitability led some of largest tech giants, including Microsoft, Google, and Meta, to cut thousands of workers in huge tranches; in January 2023, 278 tech companies laid off a combined 89,809 employees.

Meanwhile, the tech unemployment rate hit 2.3 percent in December, lower than the national unemployment rate of 3.7 percent. The tech industry also enjoyed a net increase of 12,922 jobs, the biggest such gain since April. Although hiring remains robust, always keep in mind that employers want you to have the cutting-edge skills necessary to do the job; make sure your knowledge is up-to-date.