The tech industry’s job market remains turbulent in 2024, with major companies continuing to reduce their workforces. According to Layoffs.fyi, 422 tech companies have laid off 136,782 employees as of August 30, 2024. Recent Layoffs by Major Tech Companies Driving Factors The tech industry continues to grapple with changing market dynamics and the rapid rise
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General Motors (GM) is laying off approximately 1,000 software workers worldwide as the company shifts focus to high-priority projects, such as enhancing its Super Cruise driver assistance system, improving its infotainment platform, and exploring artificial intelligence applications. The layoffs, primarily affecting employees in US (Michigan), are not driven by cost-cutting or performance issues but are
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Networking giant Cisco Systems is reportedly preparing for another significant round of job cuts, according to sources familiar with the matter. This move comes as the company aims to realign its focus towards high-growth areas such as cybersecurity and artificial intelligence (AI). The upcoming layoffs are expected to be similar in scale to, or potentially
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Dell Technologies has announced a significant round of layoffs, affecting over 12,000 employees, according to reports from Tom’s Hardware. These cuts represent approximately 10% of the company’s workforce and are part of a broader effort to restructure and enhance profitability. This marks the latest in a series of layoffs, with Dell having already eliminated around
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To address its financial challenges, Intel has announced plans to lay off over 15,000 employees, representing approximately 15% of its workforce. This initiative is part of a broader strategy to save $10 billion by 2025. The number of job cuts could potentially reach up to 19,000. Financial Struggles and Strategic Adjustments Intel’s decision comes in
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Adobe Romania, the company’s largest European hub for software product development, has achieved a significant milestone, reaching 1,200 employees. This notable achievement was highlighted in a LinkedIn post by Diana Cristina Sumanariu, Adobe’s Senior Manager of Business Operations. The growth to 1,200 employees underscores the rapid expansion of Adobe’s Romanian office, reinforcing its critical role
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To realign its resources with future growth priorities, Intuit has announced a major workforce adjustment that includes laying off over 1,000 employees while simultaneously hiring 1,800 new staff, particularly in AI-focused roles. This decision underscores the company’s commitment to leveraging artificial intelligence to drive innovation and enhance customer experiences. Here’s Intuit’s CEO letter to employees.
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In an increasingly competitive job market, job seekers are facing a new and disheartening hurdle: “ghost jobs.” These fake job ads, proliferating across online job boards and company websites, are creating significant confusion and frustration for those looking for employment. A recent survey by Resume Builder, involving 650 hiring managers, revealed that 40% of companies
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The director of the County Agency for Employment (AJOFM) in Arad, Marinel Hentes, has announced a significant potential impact on the local workforce, with approximately 450 employees facing layoffs. This development follows notifications from seven companies within the region. These potential job cuts are a direct result of a downturn in the automotive industry across
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Gameloft Romania, a subsidiary of the French mobile game developer Gameloft, one of the largest producers of games for mobile devices, will be closing its studio in Cluj-Napoca and laying off all employees working at this location. A total of 136 employees will be made redundant as a result of this decision. July 10th will
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