The tech industry has been reeling from a series of layoffs from big tech companies, and we’re just a few weeks into the second half of the year. According to numbers compiled by The Bridge Chronicle, more than 100,000 have been laid off so far, with Intel the leader, slashing over 12,000 positions across the globe. Microsoft follows closely, with 10,000 personnel laid off from several divisions, including cloud, gaming (including game studios), and hardware. Meta has also cut about 8,000 workers despite offering $100M bonuses for new AI hires and rapidly building AI data centers. Other big companies affected by layoffs include Amazon, Google, Salesforce, and Cisco.
Intel had been expected to trim off several positions ever since its disastrous financial report in August 2024. Its new CEO, Lip-Bu Tan, undertook a 20% workforce reduction in April, with its entire automotive chip division reportedly getting the axe in June. It has also reportedly reduced the number of fab workers at its Oregon site in the same month, and rumors point to more planned in the coming weeks.
