The wave of tech layoffs shows no sign of abating as we enter the second half of March in 2024. And key players in the sector are still downsizing as the economy winds down which is going on. Here are the top 5 tech companies with the biggest job cuts this month.
Ericsson will lay off 1,200 people as demand for 5G slows
Swedish telecommunications giant Ericsson announced March 25 that it would lay off about 1,200 workers in its home country due to slow demand for 5G network equipment as part of a broader cost-cutting program for 2024 that includes to reduce consultants, simplify procedures and cut costs.
Ericsson cited expectations of a “robust mobile network market” this year with volumes falling sharply as customers remain wary of cost-cutting measures after 8,500 employees were laid off last year the company, or 8% of its workforce, had about 100,000 employees worldwide by the end of 2023
Dell is downsizing amid a push to cut costs
Dell Technologies trimmed its workforce as part of a broader cost-cutting package that also included shutting down off-the-grid hiring and restructuring, the company disclosed in a release March 25. Through Feb. 25. 2, Dell’s population was about 120,000, a year ago It was about 126,000.
The layoffs follow a period of slower demand for Dell’s PCs that contributed to an 11% drop in Q4 revenue. Expecting revenue growth from its customer solution unit housing PCs this year, Dell warned of short-term challenges and higher financing costs
Apple shutters microLED display projects, thousands of them have been abandoned
In a move that marked the end of significant R&D restructuring (following the Apple Car split), Apple pulled outTechnology layoffs in March 2024: Apple, Dell, IBM, and thousands more
The wave of tech layoffs shows no sign of abating as we enter the second half of March in 2024. And key players in the sector are still downsizing as the economy winds down which is going on. Here are the top 5 tech companies with the biggest job cuts this month.
Ericsson will lay off 1,200 people as demand for 5G slows
Swedish telecommunications giant Ericsson announced March 25 that it would lay off about 1,200 workers at home due to slow demand for 5G network equipment as part of a broader cost-cutting plan for 2024 that includes cutting consultants on, processes will be streamlined and cuts will be made.
Ericsson cited expectations of a “robust mobile network market” this year with volumes falling sharply as customers remain wary of cost-cutting measures after 8,500 employees were laid off last year the company, or 8% of its workforce, had about 100,000 employees worldwide by the end of 2023
Dell is downsizing amid a push to cut costs
Dell Technologies trimmed its workforce as part of a broader cost-cutting package that also included shutting down off-the-grid hiring and restructuring, the company disclosed in a release March 25. Through Feb. 25. 2, Dell’s population was about 120,000, a year ago It was about 126,000.
The layoffs follow a period of slower demand for Dell’s PCs that contributed to an 11% drop in Q4 revenue. Expecting a boost in revenue from its customer solution unit housing PCs this year, Dell warned of short-term challenges and higher financing costs
Apple shutters microLED display projects, thousands of them have been abandoned
Apple pulled it off as the culmination of another significant R&D program (following the Apple Car division).
