Tech layoffs: Over 27,000 jobs lost in August 2024; Intel, Cisco and IBM lead the wave

Tech layoffs 2024: August 2024 marked another wave of tech layoffs, with over 27,000 workers losing their jobs. Major players like Intel, Cisco, and IBM made significant cuts. More than 40 companies, including industry giants and startups alike, announced layoffs, per The Economic Times’s report.

This brings the total number of tech job losses in 2024 to over 136,000 across 422 companies, as per the ET report, underscoring the industry’s ongoing volatility.