• Intel: 33,900 layoffs. The company has cited the need to reduce costs and restructure its organization after years of technical and financial setbacks.
• Microsoft: 19,215 layoffs. The tech giant has conducted multiple rounds of cuts throughout the year across various departments as it prioritizes AI investments.
• TCS: 12,000 layoffs. As a major IT firm, Tata Consultancy Services’ cuts largely affected mid-level and senior positions, which are becoming redundant due to AI and evolving client demands.
• Accenture: 11,000 layoffs. The consulting company reduced its headcount as it shifts toward greater automation and AI-driven services.
• Panasonic: 10,000 layoffs. The Japanese manufacturer announced these job cuts as part of a strategy to improve efficiency and focus on core business areas.
• IBM: 9,000 layoffs as part of a restructuring effort to shift some roles to India and align the workforce with areas like AI and hybrid cloud. The layoffs were reportedly concentrated in certain teams, including the Cloud Classic division, and impacted locations such as Raleigh, New York, Dallas, and California. 
• Amazon: 5,555 layoffs. Cuts have impacted various areas, including the Amazon Web Services (AWS) cloud unit and the consumer retail business.
• Salesforce: 5,000 layoffs. Many of these cuts impacted the customer service division, where AI agents now handle a significant portion of client interactions.
• STMicro: 5,000 cuts in the next three years, including 2,800 job cuts announced earlier this year, its chief executive said on Wednesday. Around 2,000 employees will leave the Franco-Italian chipmaker due to attrition, bringing the total count with voluntary departures to 5,000, Jean-Marc Chery said at a June 4th event in Paris, hosted by BNP Paribas.
• Meta: 3,720 layoffs. The company has made multiple rounds of cuts targeting “low-performers” and positions within its AI and virtual reality divisions.  More details below.

……………………………………………………………………………………………………………………………………………………………………..