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flag 27,000 tech jobs cut by major firms, including Intel, Cisco, and IBM, in 2024.

flag In August 2024, over 27,000 tech jobs were cut by major companies including Intel, Cisco, and IBM, contributing to a total of 136,000 layoffs across 422 firms this year. flag Intel announced a reduction of 15,000 positions due to disappointing earnings, while Cisco plans to cut 6,000 jobs to focus on growth areas like AI. flag IBM is closing its R&D operations in China, affecting over 1,000 employees. flag Other companies like Apple and GoPro also implemented layoffs.

7 months ago
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