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Software majors cut 24,000 jobs in a single year

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Several large software companies have collectively eliminated around 24,000 positions over the past year. The reductions reflect a broader effort by the industry to control costs and streamline operations. Firms have pointed to shifting priorities, including investments in artificial intelligence and cloud services. The layoffs have affected employees across multiple functions and locations. The article notes that the trend could continue as companies continue to reassess their workforce needs.

Read the full story at Economic Times

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Software majors cut 24,000 jobs in a single year · ShortSingh