Tech layoffs cross 1 lakh: Cisco, Microsoft cut more jobs in September; and other ‘job cut warnings’

Tech companies job cuts have continued in the second half of 2024, with several major layoffs occurring across the industry. IBM initiated a new round of layoffs, primarily affecting senior programmers, sales, and support personnel, as part of their “workforce rebalancing” effort. Microsoft laid off 650 employees from its gaming division, focusing on corporate and support roles.