Tech industry job cuts come rapidly and in big numbers
1 year, 10 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. August 2022 Snap: The parent company of social media platform Snapchat said that it was letting go of 20% of its staff. Snap’s staff has grown to more than 5,600 employees in recent years and the company said at the time that even after laying off more than 1,000 people, its staff would be larger than it was a year earlier. Coinbase: The cryptocurrency trading platform cuts approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year. SAP: Germany-based SAP, Europe’s biggest software company, said it it cutting up to 3,000 jobs worldwide, or about 2.5% of its workforce, after a shop drop in profits.

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Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts
1 month, 2 weeks ago

Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts

India Today  

As we near the close of 2024, the wave of layoffs in the tech industry shows no sign of slowing down. Following the mass job cuts announced in 2022 and 2023, tech companies have continued to announce additional layoffs throughout this year amid economic pressures, shifting strategies, and the impact of technological advancements like AI. According to Mozilla, the layoffs …

27,000 techies laid off across the globe in August, highest since January 2024
3 months, 2 weeks ago

27,000 techies laid off across the globe in August, highest since January 2024

Deccan Chronicle  

Hyderabad: The layoffs in tech companies has witnessed a surge in August, since January 2024. On August 1, Intel CEO Pat Gelsinger announced plans to cut around 15,000 jobs, representing 15% of its workforce. German chipmaker Infineon announced on August 5 that it would cut 1,400 jobs globally, with an additional 1,400 positions being relocated to countries with lower labor …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
3 months, 2 weeks ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

Tech Layoffs Continue Worldwide In July, See How Many Indians Felt The Impact
4 months, 3 weeks ago

Tech Layoffs Continue Worldwide In July, See How Many Indians Felt The Impact

ABP News  

The tech industry has been going through a wave of layoffs and the reduction in workforce has continued in July as well. The data showed that in the year so far, as of July 30, 2024, about 1,90,049 people were let go of from about 380 companies across the world, reported The Indian Express. July began with US-based software firm, …

Google And Microsoft Layoffs: Both Tech Giants Cut Up To 1,000 Employees Across Teams
6 months, 2 weeks ago

Google And Microsoft Layoffs: Both Tech Giants Cut Up To 1,000 Employees Across Teams

News 18  

The tech layoffs continue in 2024 with Google and Microsoft cutting up to 1,000 jobs from different divisions of their teams. According to latest reports, the Google Cloud business has handed over the pink slips to around 100 employees, while Microsoft has gone deeper into its decision by asking around 1,000 employees to exit the company. Google has already conducted …

Indeed layoffs: Careers site cuts jobs of 1,000 workers, CEO says ‘sorry’
7 months, 1 week ago

Indeed layoffs: Careers site cuts jobs of 1,000 workers, CEO says ‘sorry’

Hindustan Times  

Careers site Indeed is laying off about 1,000 employees- 8% of its workforce- it said, with the aim to simplify its organization. The company's CEO Chris Hyams took responsibility for the job cuts and said that the firm is still not set up for growth after last year's global slowdown in hiring resulted in declining sales. Indeed layoffs: The latest …

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024
7 months, 2 weeks ago

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024

ABP News  

Tech Layoffs: The technology sector is grappling with a persistent wave of layoffs, which do not seem to be stopping anytime soon. Over the first four months of this year, the sector has seen a significant workforce reduction, with over 80,000 employees reportedly losing their jobs around the world. According to the most recent data from layoff.fyi, a platform dedicated …

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report
7 months, 2 weeks ago

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report

India TV News  

It was reported that more than 80,000 employees in the technology sector lost their jobs in the first four months of 2024, and layoffs are continuing to haunt the overall startup ecosystem across the world. Latest figures from layoff.fyi, a portal that tracks tech sector job cuts, 279 tech companies have sacked 80,230 employees to date. In 2022 and 2023, …

Google announces second major round of job cuts in 2024, tech giant says 'change is difficult'
8 months ago

Google announces second major round of job cuts in 2024, tech giant says 'change is difficult'

India TV News  

In a significant move, tech giant Google has declared plans for major restructuring, potentially leading to employee layoffs. This announcement follows Google CEO Sundar Pichai’s earlier warning about the potential for more layoffs in 2024. Impact on Google employees While Google did not specify the exact number of employees affected by the latest round of layoffs, reports suggest that it …

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?
8 months, 2 weeks ago

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?

Hindustan Times  

Tech layoffs 2024: The tech industry saw more layoffs this week as companies are sacking employees across departments. The big companies that fired employees include Amazon, Apple and Byju’s who cited strategic shifts and downsizing as the reason for job cuts in the industry. As per Layoffs.fyi, 235 companies have laid off 57,785 employees in 2024 as in January, 121 …

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?
8 months, 3 weeks ago

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?

News 18  

A CEO of a technology company fired hundreds of employees over a phone call. This news is nothing new as several IT companies have been on a firing spree since November 2023, and, unfortunately, the trend is still continuing in March 2024. Tech giant Google has warned its employees to “brace for more layoffs”, as Alphabet removed thousands of its …

IBM layoffs: Tech giant announces job cuts in this division in 7-minute meeting
9 months, 1 week ago

IBM layoffs: Tech giant announces job cuts in this division in 7-minute meeting

Hindustan Times  

IBM layoffs: International Business Machines Corp reportedly announced layoffs without informing about the specific number of job cuts. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} This comes as the company's CEO Arvind Krishna said last year that IBM expects to pause hiring for roles which could be replaced with artificial intelligence in the coming years. Tech layoffs in 2024 At least 204 companies …

The jobs market is hot, but layoffs keep coming in a shifting economic environment
9 months, 3 weeks ago

The jobs market is hot, but layoffs keep coming in a shifting economic environment

Associated Press  

The U.S. economy is humming and there are hundreds of thousands of jobs being added every month. The video streaming platform’s CEO Dan Clancy said in an email to employees that even with cost cuts and growing efficiency, the platform “is still meaningfully larger than it needs to be given the size of our business.” Packaging & Delivery Layoffs UPS …

Job cuts across tech companies are likely to continue
10 months ago

Job cuts across tech companies are likely to continue

Hindustan Times  

The trend of slashing jobs across businesses over the past few years is catching up with the automation and digitalisation trends. In January 2024, companies in the U.S. announced 82,307 job cuts, an increase of 136% from the 34,817 cuts announced the previous month, according to the global outplacement firm Challenger, Gray & Christmas. The Challenger report for January states …

Big Tech jobs have lost their glamour
10 months, 2 weeks ago

Big Tech jobs have lost their glamour

BBC  

Big Tech jobs have lost their glamour Getty Images Employees who once clamoured to work for Big Tech companies are changing their tunes as layoffs proliferate and perks are cut Once the pinnacle of employment, Big Tech is finding its star tarnishing among layoffs and cutbacks. "It was a typical Big Tech company in that it offered huge benefits, with …

Tech Layoffs: Snapchat Parent Firm Snap To Fire 10% Of Its Global Workforce
10 months, 2 weeks ago

Tech Layoffs: Snapchat Parent Firm Snap To Fire 10% Of Its Global Workforce

ABP News  

Snap, the parent company of the social media application Snapchat, announced on Monday that it would reduce its global workforce by approximately 528 employees, constituting 10 per cent of its total workforce, in an effort to “promote in-person collaboration.” This indicates that the trend of tech layoffs observed in 2023 may continue as tech companies navigate economic uncertainty thrown at …

Snapchat Layoff: The owner of Snapchat, is laying off about 10% of its global workforce
10 months, 2 weeks ago

Snapchat Layoff: The owner of Snapchat, is laying off about 10% of its global workforce

The Hindu  

The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 530 employees, as the latest tech company to announce layoffs. Snap Inc. said in a regulatory filing that it currently estimates $55 million to $75 million in charges, mostly for severance and related costs. The Santa Monica, California-based company announced in August 2022 that it planned …

Snapchat parent Snap announces fresh layoffs, set to cut its global workforce by 10%
10 months, 2 weeks ago

Snapchat parent Snap announces fresh layoffs, set to cut its global workforce by 10%

Hindustan Times  

In a regulatory filing on Monday, Snap, the parent company of Snapchat, revealed that it plans to fire over 500 workers. The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 528 employees, just the latest tech company to announce layoffs. With 5,367 full-time employees as per Snap's most recent headcount, the latest round of staff …

Snap, the owner of Snapchat, is laying off about 10% of its global workforce
10 months, 2 weeks ago

Snap, the owner of Snapchat, is laying off about 10% of its global workforce

Associated Press  

The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 530 employees, the latest tech company to announce layoffs. Snap Inc. said in a regulatory filing that it currently estimates $55 million to $75 million in charges, mostly for severance and related costs. The Santa Monica, California-based company announced in August 2022 that it planned to …

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more
10 months, 3 weeks ago

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more

Hindustan Times  

2024 has already proven to be a difficult year for layoffs. Here's some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer's headquarters and distribution centers. Levi's layoffs Levi Strauss & Co. is slashing its global corporate workforce by 10% to 15% in the first …

Salesforce cuts 700 jobs in latest tech layoffs: Know more
10 months, 4 weeks ago

Salesforce cuts 700 jobs in latest tech layoffs: Know more

India TV News  

Salesforce, a major enterprise software company, is reportedly cutting around 700 jobs, which is approximately 1 per cent of its workforce of about 70,000 people. Previous Layoffs In January 2023, Salesforce laid off 10 per cent of its workforce, affecting around 7,000 employees, due to global economic conditions. Ongoing Job Losses in Tech Within the first two weeks of the …

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
10 months, 4 weeks ago

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs

Associated Press  

2024 has already proven to be a difficult year for layoffs. Here’s some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer’s headquarters and distribution centers. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline …

Big tech turmoil: Google warns employees of more job cuts in coming months
11 months ago

Big tech turmoil: Google warns employees of more job cuts in coming months

Hindustan Times  

Google CEO Sundar Pichai has warned employees about more job cuts in the coming months in an effort to “simplify execution”, reported The Verge. Job cuts in Jan: 7,500 and counting The new year kicked off with hopes of an economic revival in the United States and Europe, bit tech firms have started 2024 with a string of layoffs as …

These 46 tech companies layoff 7,500 employees in first 2 week of 2024
11 months, 1 week ago

These 46 tech companies layoff 7,500 employees in first 2 week of 2024

India TV News  

It's just two weeks to 2024, and tech companies have already started to lay off employees from the companies. As per the latest data from layoff.fyi, a website that tracks tech sector job cuts, 46 tech companies laid off 7,528 employees. Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than …

Tech layoffs 2024: Flipkart, Amazon, Paytm, Google cut thousands of jobs; is AI the real villain?
11 months, 1 week ago

Tech layoffs 2024: Flipkart, Amazon, Paytm, Google cut thousands of jobs; is AI the real villain?

Hindustan Times  

Hundreds of Indian workers are left in a lurch in an even worse job market after multiple big tech companies like Amazon, Microsoft, Google, and Flipkart together cut thousands of jobs across multiple departments in the first two weeks of 2024. The first two weeks of 2024 saw thousands of job cuts One of the most significant layoffs in the …

Discord latest tech company to go for mass layoffs, confirms firing 17 per cent of workforce
11 months, 1 week ago

Discord latest tech company to go for mass layoffs, confirms firing 17 per cent of workforce

India Today  

Popular social messaging platform Discord has announced its biggest layoff, removing 17 percent of its workforce as part of strategic planning. The company's announcement of layoffs follows the recent announcements of job cuts by big tech giants including Google, Amazon, Meta, and others. The recent job cuts add to the last layoffs the messaging app announced in August 2023, which …

Google Lays off Hundreds of Employees; Assistant, Hardware, Engineering Teams To Be Affected
11 months, 1 week ago

Google Lays off Hundreds of Employees; Assistant, Hardware, Engineering Teams To Be Affected

News 18  

Tech giant Google has laid off hundreds of employees across multiple teams, with Fitbit co-founders James Park and Eric Friedman also leaving the company, as the tech giant continues to cut costs, a Google spokesperson told Reuters in a statement. The reorganization of certain teams comes at a time when companies like Microsoft and Google are betting on the rising …

US-based tech company Pegasystems to lay off 240 employees: Report
1 year, 3 months ago

US-based tech company Pegasystems to lay off 240 employees: Report

Live Mint  

Pegasystems, a US-based software company, is laying off about 240 employees across various geographies due to the reorganization of its customer success roles, according to a report published by The Economic Times. Notably, this is the second job cut at Pegasystems this year as the company also sacked approximately 4% of its strong workforce. Still, job cuts in the tech …

Microsoft implements new job cuts, laying off 276 employees
1 year, 5 months ago

Microsoft implements new job cuts, laying off 276 employees

India TV News  

Microsoft has recently implemented another round of job cuts, resulting in the layoff of 276 employees, with a focus on customer service, support, and sales teams. These job cuts extend beyond the 10,000 global layoffs previously announced by Microsoft on January 18, according to reports from Geek Wire. LinkedIn, the leading professional networking platform, saw multiple posts revealing job cuts …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 5 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Still hiring: Big Tech layoffs give other sectors an opening
1 year, 5 months ago

Still hiring: Big Tech layoffs give other sectors an opening

Associated Press  

For the thousands of workers who’d never experienced upheaval in the tech sector, the recent mass layoffs at companies like Google, Microsoft, Amazon and Meta came as a shock. “We have just about any tech job that anybody could possibly be interested in the federal government.” Federal, state and local government tech job postings soared 48% in the first three …

Still hiring: Big Tech layoffs give other sectors an opening
1 year, 5 months ago

Still hiring: Big Tech layoffs give other sectors an opening

LA Times  

For the thousands of workers who’d never experienced upheaval in the tech sector, the recent mass layoffs at Google, Microsoft, Amazon and Meta came as a shock. “We have just about any tech job that anybody could possibly be interested in in the federal government.” Tech job postings in the federal government, as well as at the state and local …

Layoffs in US: Of over 80,000 job cuts in May, 3900 fired due to AI technology
1 year, 6 months ago

Layoffs in US: Of over 80,000 job cuts in May, 3900 fired due to AI technology

Live Mint  

US companies have announced startling job cuts in May this year, beating the record of 2022, according to executive coaching firm Challenger, Gray & Christmas Inc. US-based employers announced 80,089 job cuts in May as compared to 20,712 layoffs in the same month last year--a massive 287% rise. So far this year, companies have announced plans to cut 417,000 jobs--a …

Job Cuts Ripple Across Corporate Europe, Despite Resilient Economy
1 year, 7 months ago

Job Cuts Ripple Across Corporate Europe, Despite Resilient Economy

Live Mint  

BT Group, one of the biggest telecom companies in the U.K., said it was reducing its workforce by as much as 42%, or about 55,000 workers, by the end of the decade, capping several months of corporate job cutting across Europe. The planned job reductions at BT come days after rival Vodafone Group, also based in Britain, said it would …

BT Group to cut up to 55,000 jobs by end of decade
1 year, 7 months ago

BT Group to cut up to 55,000 jobs by end of decade

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy BT Group has said it …

Around 24,250 Indian techies lose jobs at 84 startups till date: Know the reason why?
1 year, 8 months ago

Around 24,250 Indian techies lose jobs at 84 startups till date: Know the reason why?

India TV News  

Since the year got started, we are bombarded with the news of layoffs, job loss, company's planning for cost-cutting and whatnot. The reports have stated that the leading digital healthcare platform like Practo has laid off 41 employees, who are mostly engineers, as part of the company's continuous planning process and performance management. Image Source : FREEPIKAround 24,250 Indian techies …

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts

The Hindu  

Facebook-parent Meta Platforms said on March 14, 2023 it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief …

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession
1 year, 9 months ago

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession

India TV News  

A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. The report also shows that the tech industry has cut a …

The recent layoffs and the future of US tech
1 year, 9 months ago

The recent layoffs and the future of US tech

Hindustan Times  

With the Covid-19 pandemic, although the world had come to a standstill, there was unprecedented growth in the tech industry, as it was embraced by people from all walks of life like never before, resulting in many big tech firms earning unheard-of profits. While Google and Microsoft lost $700 billion each, and Facebook lost $600 billion; Amazon, a public company, …

Can US tech giants recover after job cuts and falling revenues?
1 year, 10 months ago

Can US tech giants recover after job cuts and falling revenues?

Hindustan Times  

The year 2022 reminds me of Charles Dickens's famous quote, 'It was the best of times, it was the worst of times'. The big tech firms have responded to the change in market dynamics and potential economic slowdown with a series of job cuts. Overall, big tech companies need to look at five key principles to overcome the present crisis …

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List
1 year, 10 months ago

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List

News 18  

Tech Layoffs In 2023: Citing cost cutting due to macroeconomic pressures, tech companies across the world have resorted to layoffs in the past months. The year 2023 has witnessed mass layoffs by companies such as Google, Microsoft, Salesforce and Amazon, among others. Apart from these, Salesforce laid off 8,000 employees, Dell sacked 6,650, IBM about 3,900, SAP nearly 3,000, Zoom …

INDUSTRY | Will IT lay-off wave crash into Indian shores?
1 year, 10 months ago

INDUSTRY | Will IT lay-off wave crash into Indian shores?

The Hindu  

Published : Feb 09, 2023 10:25 IST It was a New Year gift that the employees of Big Tech did not see coming. “If a small company like mine has been told not to hire high-skilled workers, then it can happen anywhere.” Alagunambi Welkin, general secretary of the Union of IT and IT-ES Employees, said that it was odd that …

Big tech job cuts keep coming; Zoom latest to trim headcount
1 year, 10 months ago

Big tech job cuts keep coming; Zoom latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. CEO Eric Yuan said in a blog post Tuesday that the company ramped up staffing during the COVID-19 pandemic, when businesses became increasingly reliant on its service as people worked from home. …

Here are the latest tech layoffs as the industry shudders
1 year, 10 months ago

Here are the latest tech layoffs as the industry shudders

CBS News  

The high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. Dell The computer company in February announced it would slash 5% of its workforce due to a "challenging global economic environment." PayPal The digital payments company said in January it was cutting 2,000 jobs, or about 7% of its workforce, as it …

Big tech job cuts keep coming; Dell latest to trim headcount
1 year, 10 months ago

Big tech job cuts keep coming; Dell latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. February 2023 Dell: The computer maker reduced its payroll by 5%, or about 6,600 jobs, saying that the steps it’s taken to stay ahead of eroding market conditions are no longer enough. …

Explained | What does the recent wave of tech layoffs mean?
1 year, 10 months ago

Explained | What does the recent wave of tech layoffs mean?

The Hindu  

The story so far: The New York-headquartered International Business Machines Corp. last week became the latest to join the list of tech companies that have made large-scale layoffs since late 2022. This comes on the heels of what has been described as Big Tech’s “midlife crisis” or the clock striking “midnight” on its hyper-growth; technology giants Alphabet, Amazon, Meta, and …

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows
1 year, 10 months ago

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows

ABP News  

As tech companies continue to slash jobs, the demand for tech positions has not diminished in the US, with eight of the top 10 "best jobs" this year being technology roles. According to data by job portal Indeed, the tech jobs in high demand are full-stack developers at the top spot, followed by data engineers, cloud engineers, senior product managers …

SAP to cut 3000 jobs or 2.5 per cent of global workforce, plans to sell remaining stake in Qualtrics
1 year, 10 months ago

SAP to cut 3000 jobs or 2.5 per cent of global workforce, plans to sell remaining stake in Qualtrics

Firstpost  

German software giant SAP joins the list of tech companies to lay off thousands of workers. German software giant SAP is set to lay off 2.5 per cent of its global workforce as it cuts 3000 jobs, the company announced on Thursday. For SAP, the layoffs come after SAP reported a 30 per cent increase in revenue thanks to its …

Why Big Tech is laying off thousands of employees and how it impacts consumers
1 year, 10 months ago

Why Big Tech is laying off thousands of employees and how it impacts consumers

Firstpost  

Over the last year, Big Tech companies – including Amazon, Twitter and Meta – sacked more than 70,000 people globally. In the last year, more than 70,000 people globally have been laid off by Big Tech companies – and that doesn’t count the downstream effect of contractors losing business as budgets tighten. Importantly, these figures don’t include the downstream layoffs, …

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