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Return of pink slips? Intel, Microsoft, Tinder parent Match hit by layoffs

Economic Times · 10m

Despite a brief slowdown earlier this year, tech companies are once again resorting to job cuts to control costs. Over 120,000 employees have been laid off by 384 tech companies this year. Major players like Intel, Microsoft, and Match Group have all announced significant layoffs. Indian tech startups are also facing challenges and have been forced to lay off employees due to a tough funding environment. Companies like Ola Electric, Paytm, and Byju's have announced substantial job cuts.