Thursday, 5 September, 2024

Over 27,000 Tech Employees Face Job Losses In August Amid Industry Downturn

Over 27,000 tech employees lost their jobs in August due to global economic uncertainties and restructuring within the industry. Layoffs affected both startups and established companies as firms sought to optimize costs and adjust to changing market conditions. The tech sector continues to face challenges, including inflationary pressures, slowing demand, and a shift in priorities towards sustainability and long-term growth strategies.