Tech and media layoffs August 2024 update: Paramount Global, Dell, LegalZoom, Axios cut jobs

A number of high-profile firms in the tech and media sectors are significantly reducing their workforces. Here’s what to know.

It hasn’t been a good month for job security in the media and tech industries as numerous companies have announced layoffs since the beginning of August. Intel was the first big name to announce job cuts when the chip giant on August 1 said it would lay off around 15,000 of its staff—or about 15% of its total workforce.