Boeing's internal memo shows that the company will cut 10 per cent of its workforce, or about 17,000 people, globally in the coming months.

Intel executives are working to address the company's cash flow problems to generate blood for the company's future production activities.

Cisco will carry out a second round of large-scale layoffs this year, and it is expected that the number of layoffs may exceed the 4,000 people laid off in February.

According to Layoffs.fyi, the number of layoffs in the tech sector has reached 106,630 as of 12 July.