Tech layoffs 2024: Tech companies lay off over 27,000 employees in August

The tech sector witnessed a significant increase in job losses in August, with over 27,000 employees affected. Major tech firms, including Intel, IBM, and Cisco, along with more than 40 smaller startups, announced substantial layoffs. So far this year, the industry has seen over 136,000 tech professionals laid off across 422 companies.

Tech layoff: Intel cuts 15,000 jobs