Tech Layoffs Surge in August 2024: Intel, Cisco, and IBM Lead the Pack
In August 2024, over 27,000 employees in the tech industry were laid off, with major firms like Intel, Cisco, and IBM leading the cuts. Intel slashed 15,000 jobs, Cisco reduced its workforce by 6,000, and IBM let go of 1,000 employees. These layoffs bring the total for 2024 to over 136,000 across 422 companies.
