Tech layoffs continue to climb in 2024 as Intel plans 1,300 job cuts: Why are tech jobs vanishing across the US?

Intel will lay off 1,300 employees in Oregon as part of cost-cutting measures. This reflects a larger trend of tech layoffs in 2024, with companies like Microsoft, Google, Apple, and Meta also reducing their workforce. Economic uncertainty, rising interest rates, the rapid evolution of AI, and over-hiring during the pandemic are driving these layoffs.