Tech layoffs in July 2024: Intel, Microsoft, Dyson & these companies cut thousands jobs

In July 2024, tech industry layoffs continued, affecting over 8,000 professionals across 34 companies. Major firms like Intel, Microsoft, and UKG announced significant job cuts, citing financial challenges and strategic shifts. Intel’s $10 billion cost-saving initiative led to the largest layoffs, impacting over 15,000 employees, while other firms also streamlined their workforce to adapt to market conditions.