Big Layoffs in Tech Industry: Apple, Dell, IBM Affected

In March 2024, Ericsson, Dell, Apple, and other tech companies announced significant layoffs. Ericsson cut 1,200 jobs in Sweden due to decreased demand for 5G equipment. Dell downsized its workforce as part of cost-cutting measures, while Apple restructured its display engineering teams, leading to layoffs. IBM also disclosed layoffs in its marketing division. The tech industry faces challenges amid slowing demand.