IT sector cuts 24,000 jobs in one year
IT sector cuts 24,000 jobs in one year. Major software companies reduced 24,000 positions across IT and engineering functions over the past year due to automation and weak demand. The trend reflects ongoing restructuring amid slower digital spending. Clients are delaying or trimming tech projects, impacting workforce needs.
📊 STOCKS: | 🏢 SECTOR: IT | #MEDIUMIMPACT #Layoffs
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