Tech companies laid off over 27,000 workers in August 2024, affecting more than 40 firms like Intel, IBM, Cisco, and startups. Intel announced 15,000 job cuts, Cisco laid off 6,000 employees, while IBM shut down its R&D in China. Companies like Brave, ShareChat, and ReshaMandi also announced reductions.
Tech layoffs cross 27,000 in August: Intel, IBM, Apple & others cuts thousands of jobs
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