The 12,000 job cuts Intel announced Tuesday are just the latest in an upswing of layoffs hitting the computer industry.
The tech industry has cut a Google’s worth of jobs in the past 12 months
Some 17,000 jobs were cut in the first quarter alone.
Mario Tama / Getty Images
There were 17,000 job cuts in the industry in just the first quarter of this year, up from 6,860 in the first three months of 2015, according to employment firm Challenger, Gray & Christmas.
Over the past 12 months, the industry has shed more than 72,000 jobs, Challenger said.
Earlier this year, Dell announced 10,000 job cuts while Hewlett-Packard shed 30,000 last year and Microsoft cut 7,800 positions.
Still, it’s not the end of tech.
“It would be wrong to assume that increased job cuts are a sign of weakness in the tech sector,” Challenger, Gray & Christmas CEO John Challenger said in a statement. “The simple fact is that the industry is going through a transformation and companies either have to shift their focus or risk extinction. We will always need technology, but how we interact with it, as well as where and when we interact with it, are changing rapidly.”
This article originally appeared on Recode.net.
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