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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Tech companies cut jobs at a rapid pace in August 2024, with over 27,000 employees laid off across more than 40 companies. Major firms like Intel, IBM, Cisco, and Apple were among those announcing significant workforce reductions. This marks the most substantial job cuts in the tech industry in 20 months, with the last peak occurring in January 2023 when 41,829 cuts were recorded. IBM's decision to discontinue its research and development operations in China contributed to over 1,000 of these layoffs.
MPOV, there's more unreported, especially many companies not backfilling > Mass layoffs hit tech industry: Over 27,000 jobs cut as Intel, Cisco, IBM, and Apple slash workforce https://t.co/YFBpkj7PYq #CIO
Tech layoffs: Intel, Cisco, IBM and Apple cut over 27,000 jobs in August Don't get scared seeing these kind of news. All are not from tech background. Why? Becuz IBM decided to discontinue its research and development operations in China laying off over 1,000 employees.
New report shows that 27,000 technology employees lost their jobs in August at firms like Intel and IBM, Cisco. And the job market is getting worse. When are FAANG/bigco employees going to learn their "secure" jobs aren't really that "secure" at all? If I'm them, I'm building a… https://t.co/tZGgDLzdR0
