7 months ago
Here are the latest tech layoffs as the industry shudders
The high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. In the past month alone, tech companies have cut nearly 60,000 jobs, reversing a hiring spree that surged during the pandemic as millions of Americans moved their lives online. IBM was one of the latest to slash its headcount, announcing 3,900 layoffs in January, or less than 2% of its global workforce.
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