<ul><li>In March 2024, major tech giants including Dell, Ericsson, Apple, and IBM have collectively laid off over 7000 employees, citing various reasons including the impact of AI and market dynamics.</li><li>Ericsson let go of 1200 employees in Sweden amidst a slowdown in demand for 5G network equipment. Dell Technologies reduced its workforce as part of cost-cutting measures, while Apple ceased its internal efforts on microLED displays, leading to layoffs.</li><li>IBM also announced layoffs as part of its ongoing restructuring efforts to optimize operations through AI-driven efficiencies. These layoffs underscore the challenges faced by tech companies in adapting to evolving market conditions and technological advancements.</li></ul>

7000+ techies fired in March by biggest IT companies due to AI & more

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