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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Monday, September 9, 2024

Mass layoffs hit tech industry: Over 27,000 jobs lost




Fuck these High Tech Fascists
  • This couldn't happen to a better group of Fascist assholes.



Tech companies continued to cut jobs at a rapid pace in August 2024. More than 27,000 workers in the industry lost their jobs as over 40 companies, including big names like Intel, IBM, and Cisco, as well as numerous smaller startups, announced layoffs. 

To date, more than 136,000 tech workers have been laid off by 422 companies in 2024, indicating significant upheaval in the sector.

Intel is undergoing one of the most challenging periods in its history, announcing 15,000 job cuts, which represents over 15% of its workforce. These layoffs are part of a $10 billion spending reduction plan for 2025.

Economictimes.indiatimes.com





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