It's the end of the boom times in tech, as layoffs keep mounting

Amazon plans to lay off 10,000 of its corporate and technology employees, The New York Times reported Monday. (Michel Spingler/AP)

For more than two decades, the U.S. tech industry has been a reliable source of booming stocks and cushy, high-paid jobs. In the span of weeks, the sheen has faded and the ax has fallen.

More than 24,000 tech workers across 72 companies have been laid off this month, adding to a total of 120,000 tech jobs lost this year, according to layoffs.fyi, which tracks job cuts in the tech industry. It's safe to say a reckoning is underway, even as each company is grappling with its own challenges. (See: Twitter.)