Tech companies laid off over 1,00,000 in July; Microsoft, Intel among...Microsoft has also been impacted, with over 1,000 staff losing their jobs in the mixed reality and Azure divisions over the past two months. The tech industry's struggles are not limited to 2024, as 2023 also saw massive lay-offs, with 1,186 tech companies laying off about 262,682 staff, compared to 164,969 lay-offs in 2022. The most significant contributor to this staggering number is Intel, which plans to lay off more than 15,000 employees, accounting for over 15% of its total workforce. Microsoft has also been impacted, with over 1,000 staff losing their jobs in the mixed reality and Azure divisions over the past two months. Intuit Inc, a financial management software company based in California, has revealed plans to cut 1,800 positions, which constitute roughly 10% of its workforce.

Source: dna August 07, 2024 08:40 UTC