The tech industry witnessed significant layoffs in July 2024, with over 8,000 professionals losing their jobs across 34 companies. Major layoffs include Intel’s 15,000 job cuts and UKG’s 2,200. Other notable companies like Microsoft, Intuit, and Dyson also downsized. Startups and smaller firms such as ReshaMandi, Koo, and WayCool faced severe cuts and closures.