Over 27,000 tech employees loses job in August 2024: Intel, Cisco, IBM, Apple and others cuts thousands of jobs

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 off by 422 companies.