Big tech’s bloodbath: 150,000 jobs cut as market shifts shake industry

The tech industry in 2024 is witnessing a significant wave of layoffs, with nearly 150,000 workers losing their jobs across major companies like Tesla, Intel, Microsoft, and Cisco. As the market adapts to changing economic conditions, tech giants are streamlining their operations to cut costs, restructure their businesses, and align with evolving market demands, reported The Times of India.