Comment by rl1987

Some quick examples:

Bosch: https://edition.cnn.com/2024/12/11/business/bosch-germany-jo...

Panasonic: https://www.manufacturingdive.com/news/panasonic-layoffs-con...

SAP: https://www.thestack.technology/sap-layoffs-cost-3-billion-l...

Cisco: https://www.brusselstimes.com/1328320/us-company-cisco-to-sh...

Telia: https://www.reuters.com/business/media-telecom/swedens-telia...

Sure, numbers are lower, but tech downturn is a global thing.