Tech companies cut over 27,000 jobs in August 2024, with major firms like Intel, IBM, and Cisco among those announcing layoffs. Intel plans to reduce its workforce by 15%, while Cisco is shifting focus to AI and cybersecurity. IBM is discontinuing R&D in China. Other companies like Infineon, GoPro, Apple, Dell Technologies, ReshaMandi, Brave, and ShareChat also announced significant job cuts.