Tech layoffs: Intel, Cisco, IBM and Apple cut over 27,000 jobs in August

Tech companies cut jobs at a rapid pace in August 2024 as more than 27,000 employees in over 40 companies, including big names like Intel, IBM, and Cisco, announced layoffs. In 2024, more than 136,000 tech workers have been laid off by 422 companies. Here’s a look at major tech layoffs in August: