<ul><li>Tech layoffs surged in February 2024, with over 15,000 employees impacted across 74 major companies. Factors such as economic instability, strategic restructuring, and pressure from investors drove this trend.</li><li>Companies like SAP and Cisco initiated significant layoffs as they recalibrate their operations amidst changing priorities. Additionally, the rise of AI and automation contributed to the shift in workforce dynamics.</li><li>While these layoffs aim to enhance financial performance, stakeholders must prioritize sustainable solutions that safeguard employee well-being. As the tech industry navigates through uncertainty, adaptability and resilience are crucial for addressing emerging challenges and shaping a sustainable future.</li></ul>

Tech layoffs surpass 15,000 in February 2024: Why SAP, Cisco, others are on firing-spree?

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