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Tech Layoffs Reach 132,000 8 Months Into 2024
Layoffs in the tech space accelerated this month, with Cisco and Intel announcing the elimination of close to 21,000 jobs.
As Seeking Alpha noted in a report Sunday (Aug. 18), layoffs in the tech space accelerated this month, with Cisco and Intel announcing the elimination of close to 21,000 jobs. The Seeking Alpha report notes that at this rate layoffs should exceed the 165,269 job cuts in the tech sector in 2022, while falling short of last year’s total of 264,220. Meta has cut 50 vice president positions, following a much wider spate of layoffs last year and in 2022, with 21,000 jobs eliminated.
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