Tech companies have been making significant job cuts in the tech sector, with more than 34,000 jobs cut in January alone, the highest level since March 2023. Major companies like Microsoft, eBay, PayPal, and Salesforce were among over 100 companies reducing their workforce. Over the past two years, tech companies have laid off over 400,000 employees, leading to intense competition for remaining jobs. The rise of artificial intelligence and increasing interest rates have contributed to the ongoing job cuts in the tech industry.