Intel is set to lay off 1,300 employees in Oregon as part of cost-cutting measures. This move highlights a broader trend of tech layoffs across the U.S. in 2024, with companies like Microsoft, Google, Apple, and Meta reducing their workforce. Factors driving these layoffs include economic uncertainty, rising interest rates, the rapid evolution of AI, and over-hiring during the pandemic. The article explores the reasons behind these layoffs and their widespread impact on the tech industry.