Tech corporations job cuts have continued within the second half of 2024, with a number of main layoffs occurring throughout the business. IBM initiated a brand new spherical of layoffs, primarily affecting senior programmers, gross sales, and assist personnel, as a part of their “workforce rebalancing” effort. Microsoft laid off 650 staff from its gaming division, specializing in company and assist roles.Even smaller startups like Dozee and WeTransfer applied layoffs to scale back losses. These cuts span throughout numerous tech sectors, affecting each massive firms and smaller corporations, highlighting the continued challenges and restructuring efforts within the tech business all through 2024.
Cisco notifies the affected 5,600 staff of layoffs
Cisco, following its second spherical of layoffs in 2024, introduced a 7% workforce discount in August, affecting roughly 5,600 staff. This comes after an earlier layoff in February that impacted round 4,000 staff. Notably, Cisco delayed notifying the affected workers till September 16, with out offering a purpose. An worker reported a poisonous work surroundings throughout this era. The layoffs additionally affect Talos Safety, Cisco’s risk intelligence and safety analysis unit. Cisco justified the layoffs, stating that they’d facilitate investments in progress alternatives and effectivity.
IBM is slicing 1000’s of jobs for the second time in 2024
After the earlier spherical of layoffs at first of the yr, IBM has initiated a brand new spherical of layoffs, primarily affecting senior programmers, gross sales, and assist personnel. The layoffs are a part of a beforehand disclosed “workforce rebalancing” effort, are anticipated to have an effect on a low single-digit share of IBM’s international workforce. IBM expects to exit 2024 with roughly the identical degree of employment because it entered.
Microsoft lays off 650 staff in Xbox division
Microsoft is shedding 650 workers from its gaming enterprise, primarily in company and assist roles, to align its post-acquisition crew construction. The layoffs, which observe earlier cuts, don’t affect recreation cancellations or studio closures. Regardless of Xbox console gross sales plummeting, gaming income stays sturdy as a result of acquisition of Activision Blizzard.
Dell says it’s persevering with job cuts this yr
Dell Applied sciences plans to proceed lowering its workforce in 2024 as a result of price issues and a sluggish rebound in PC demand. The corporate is specializing in increasing its AI server enterprise, which has excited buyers however faces profitability challenges as a result of costly laptop chips.
Qualcomm lays off over 200 staff
Qualcomm, a chipmaker for smartphones, plans to put off 226 staff in San Diego later this yr. This choice comes lower than a yr after the corporate let go of over 1,250 employees.
Udemy to chop 50% workers
Udemy plans to scale back its workforce by half as a part of its restructuring plan, with the intention of rehiring staff in lower-cost areas.
WeTransfer cuts 75% jobs after acquisition
Bending Spoons plans to put off 75% of WeTransfer workers after buying the corporate in July. The layoffs are a part of Bending Spoons’ technique to function acquired corporations profitably, as seen in earlier acquisitions similar to Evernote and Meetup.
Bengaluru-based startups cuts jobs to scale back losses
Dozee, a healthtech startup, laid off round 40 staff to scale back losses. Regardless of having a presence throughout India, income progress has been sluggish, with losses rising considerably. The startup is now specializing in increasing into the US market and different worldwide areas.
