The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn't appear to be any let up this month. Here's a look at some of the companies that have announced layoffs so far.
started the year with a wave of job cuts, around 50,000 in January alone, and there doesn't appear to be any let up this month. The computer maker Dell said Monday that it's cutting about 6,600 jobs. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely.
SAP: Germany-based SAP, Europe's biggest software company, said it it cutting up to 3,000 jobs worldwide, or about 2.5% of its workforce, after a shop drop in profits. IBM: Profits fell in the most recent quarter at the technology and consulting company, but it said the 3,900 job cuts announced in late January were due to earlier sale of parts of its business. IBM sold its health care data business last year and in 2021, it spun off its legacy tech division in 2021.Twitter: About half of the social media platform's staff of 7,500 was let go after it was acquired by the billionaire CEO of Tesla, Elon Musk.
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