Early this year, analyst Trip Chowdhry from Global Equities Research predicted that the tech world was going to see big layoffs in 2016—some 330,000 in all at major tech companies. At the time, these numbers seemed way over the top. Then IBM started slashing jobs in March—and continued to wield the ax over and over as the year progressed. Yahoo began layoffs of some 15 percent of its employees in February. Intel announced in April that it would lay off 12,000 this year.

http://spectrum.ieee.org/view-from-the-valley/at-work/tech-careers/analyst-ugly-year-for-tech-layoffs-and-its-going-to-get-worse