In 2024, the tech industry experiences significant layoffs with major firms like Intel, Tesla, Cisco, and Microsoft cutting thousands of jobs. These companies reduce their workforces to cut costs, restructure, and adapt to market changes. Notable layoffs include Intel with 15,000, Tesla with over 20,000, and Cisco with around 10,000 job cuts.
Tech layoffs 2024: Over 149,000 workers lost jobs in Intel, Tesla, Cisco, Microsoft
