Tech layoffs March 2024: Apple, Dell, IBM and other companies cut jobs. Complete details here | Tech

Fsf 1701171239311 1711739007118.jpg

Tech layoffs March 2024: The technology industry saw layoffs in the month of March as major companies downsized their workforces amid challenges faced by the sector. Ericsson, Dell and Apple saw job cuts in March due to various factors. While Ericsson cut 1,200 jobs in Sweden amid declining demand for 5G equipment, Dell reduced its workforce as part of cost-cutting measures.

Tech layoffs March 2024: Ericsson, Dell and Apple saw job cuts in March due to various factors.

Here’s a look at tech layoffs in March 2024:

Ericsson layoffs: Ericsson announced that it will lay off about 1,200 employees in Sweden as demand for 5G network equipment slowed down. The cuts are a part of the Swedish telecom giant’s cost-saving plan for 2024. Ericsson cited expectations of a “challenging mobile networks market” this year and had laid off 8,500 workers, or 8% of its workforce, last year as well.

Hindustan Times – your fastest source for breaking news! Read now.

Dell layoffs: Dell cut its workforce as part of broader cost-cutting measures, the company said. In February, Dell’s headcount stood at nearly 1,20,000, which is down from about 1,26,000 in 2023. The layoffs come at a time when there is slow demand for Dell’s PCs which resulted in a 11% drop in Q4 revenue.

Apple layoffs: Bloomberg reported that Apple ceased its internal efforts to develop microLED displays for a future Apple Watch model owing to which it reorganised its display engineering teams and laid off several dozen employees across the United States and Asia.

IBM layoffs: International Business Machines Corp (IBM) announced layoffs without informing about the specific number of job cuts in the…

 read more www.hindustantimes.com

FTC: We use income earning affiliate links. More on Sposored links.
Terms of use and third-party services. More here.

Ad Amazon Minecraft Clothing, toys, and accessories.

Stay connected throughout the year with official, ongoing Microsoft podcasts.
Microsoft Podcasts Apple | Microsoft podcasts YouTube


“Awakening is not changing who you are, but discarding who you are not.” —Deepak Chopra
“It does not matter how long you are spending on the earth, how much money you have gathered, or how much attention you have received. It is the amount of positive vibration you have radiated in life that matters.” —Amit Ray
“Spirituality is recognizing and celebrating that we are all inextricably connected to each other by a power greater than all of us and that our connection to that power and to one another is grounded in love and compassion. Practicing spirituality brings a sense of perspective, meaning, and purpose to our lives.” —Brené Brown

Related Posts