The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to independent layoffs tracker Layoffs.fyi. Companies like
![[News] NVIDIA Hires Ex-Intel Staff in Israel with 33% Higher Salaries Amid Layoffs | TrendForce News](https://i1.wp.com/img.trendforce.com/blog/wp-content/uploads/2023/10/16141109/id14007344-617187-600x400.jpg?w=600&resize=600,400&ssl=1 "[News] NVIDIA Hires Ex-Intel Staff in Israel with 33% Higher Salaries Amid Layoffs | TrendForce News")
According to a report from Globes, amid significant layoffs at Intel, many former employees from the company in Israel have made the move to NVIDIA, including veteran staff who have… Article Source https://www.trendforce.com/news/2024/10/29/news-nvidia-hires-ex-intel-staff-in-israel-with-33-higher-salaries-amid-layoffs/
Networking giant Cisco is the latest tech company to slash jobs while pledging to refocus on AI as well as cybersecurity. The company said it would slash its global staff numbers by 7% – more than 6,000 jobs – following a drop in revenue of… Article Source https://www.itpro.com/business/cisco-layoffs-cut-deeper-than-expected-as-firm-ramps-up-ai-focus
Many long-serving employees at IBM have been laid off. That’s according to numerous reports online. Although IBM CEO Arvind Krishna made no bones about the fact that thousands of jobs would be lost at his company over the… Article Source https://www.techzine.eu/news/infrastructure/124578/ibm-quietly-conducting-large-round-of-layoffs/
IBM confirmed that it is undergoing layoffs as part of a “workforce rebalancing” disclosed earlier this year. IBM has… Article Source https://www.crn.com/news/channel-news/2024/ibm-starts-new-round-of-layoffs
Special report Kyndryl, the IT services biz spun out of IBM in late 2021, has been following in the footsteps of its parent by discreetly shedding hundreds of workers, largely in the US. The reason, we’re told, is that the firm has not been… Article Source https://www.theregister.com/2024/10/01/kyndryl_layoffs/
Tech companies job cuts have continued in the second half of 2024, with several major layoffs occurring across the industry. IBM initiated a new round of layoffs, primarily affecting senior programmers, sales, and support personnel, as part of… Article Source https://timesofindia.indiatimes.com/technology/tech-news/tech-layoffs-cross-1-lakh-cisco-microsoft-cut-more-jobs-in-september-and-other-job-cut-warnings/articleshow/113837708.cms
Six months earlier, in February, Cisco announced 4,200 job cuts in a move that cost the company an estimated $800 million in pre-tax charges. Cisco is trying to move more quickly into three core areas – AI networking, security and… Article Source https://www.networkworld.com/article/3535577/cisco-layoffs-hit-california-workers.html
Cisco layoffs to impact hundreds of Bay Area workers KRON4 Article Source https://www.kron4.com/news/bay-area/cisco-layoffs-to-impact-hundreds-of-bay-area-workers/
article Cisco Systems headquarters in San Jose, California, US, on Monday, Aug. 14, 2023. Cisco Systems Inc. is scheduled to release earnings figures on August 16. Photographer: David Paul Morris/Bloomberg via Getty Images SAN JOSE, Calif. -… Article Source https://www.ktvu.com/news/cisco-layoffs-hundreds-bay-area-employees