In August 2024, the global technology sector experienced significant layoffs, with over 27,000 workers being let go. This event had a widespread impact on the industry and raised concerns about employment stability in the technology field. Big names like Intel, Cisco, IBM, and Apple significantly cut their staff to cope with ongoing economic difficulties. The job cuts affected various industries, from semiconductors to software, signalling a concerning pattern where even large tech companies find it challenging to maintain profitability due to inflation, decreased demand, and changes in business tactics.
WHAT’S DRIVING THESE LAYOFFS?
Diese Geschichte stammt aus der September 2024-Ausgabe von Exhibit.
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Diese Geschichte stammt aus der September 2024-Ausgabe von Exhibit.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
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MASSIVE LAYOFFS IN TECH INDUSTRY
OVER 27,000 JOBS LOST IN AUGUST 2024
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WHAT FITS MY POCKET
Are you looking to upgrade your gadgets that meet your needs and fit your budget under ₹60,000? I understand how overwhelming it can be to choose the suitable gadget that delivers exceptional performance, impressive features, and great value for your money.
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Making News Everywhere
CMF WATCH PRO 2
₹4,999 When it comes to smartwatches, the price tags can vary dramatically, from budget-friendly options to high-end models with all the bells and whistles.