Layoffs in 2025: Google, Microsoft, Intel in 284 technology companies that cut jobs in first 5 months of the year
[ad_1] The tech industry continues to be rocked by significant layoffs, with over 62,000 employees fired across 284 companies in the first five months of 2025 alone as reported by Trueup. Major players like Google, Microsoft, and Intel are among the firms that have made substantial layoffs. According to data from layoff tracker Trueup, the layoff spree, which escalated in 2023, shows no signs of abating in the current year. May 2025 saw particularly heavy cuts, with more than 16,000 tech layoffs reported. The report further revealed that approximately 2.4 lakh tech employees lost their jobs in 2024. Analyst point out that the ongoing global economic uncertainty, high interest rates, and inflationary pressures are compelling tech companies to cut costs and prioritise profitability. Also, rapid expansion done during the pandemic led to over-hiring in some sectors. As demand normalises, companies […]