Mass Layoffs Hit Multiple Industries as Economic Uncertainty Looms
Tuesday, 6 August 2024
A wave of layoffs has swept across various sectors, with tech giants, software companies, and even vacuum manufacturers cutting thousands of jobs. The latest round of redundancies has left many reeling, as economic uncertainty and restructuring efforts take center stage. The Affected Companies: • Intel: 3,000 jobs cut worldwide as the chipmaker struggles with declining sales and increased competition.• Microsoft: 2,100 jobs eliminated across various divisions, citing a need to “align” with company priorities.• Dyson: 900 jobs cut in the UK and Singapore, as the company shifts focus to electric vehicles and AI.• UKG (Ultimate Kronos Group): 1,500 jobs cut, citing a need to “streamline” operations and reduce costs.• Salesforce: […]
Mass Layoffs Hit Multiple Industries as Economic Uncertainty Looms
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