Tech companies continued to cut jobs at a rapid pace in August 2024. More than 27,000 workers in the industry lost their jobs as big tech companies like Intel, IBM, Cisco, and even smaller startups, comprising a total of over 40 companies announced layoffs. So far in 2024, over 136,000 tech workers have been laid…
The wave of tech industry layoffs persisted through July 2024, with over 8,000 professionals across 34 technology companies lost their jobs this month. The total layoff count for 2024 has now reached 124,517 employees from 384 companies worldwide. Intel mass layoffs, over 15,000 employees to let go Intel is laying off over 15,000 employees, representing…
Intel Corporation suffered its worst single-day stock decline since 1974 on Friday, losing over $30 billion in market value, as the chip giant announced drastic measures to fund a costly turnaround. The company suspended its dividend and plans to cut 15% of its workforce amid growing concerns about its ability to compete with rivals like…
The wave of mass layoffs swept across some of the world’s largest companies in April 2024, with tech titans like Tesla, Google, and Apple forced to cut thousands of jobs. So far, more than 70,000 people have lost their jobs in the tech sector this year. Apple fired over 600 employees Apple laid off 614…
