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 …
The ongoing economic slowdown is making it difficult for the tech sector to survive. According to data from Layoffs.fyi, a website that tracks all layoffs at tech startups, in January 2023, 91 tech companies globally let go of about 24151 employees. Amazon CEO Andy Jassy, in a recent blog post, confirmed that Amazon is continuing layoffs while firing around 18000 …
