News Summary

• Last year saw more than 150,000 job cuts across 549 companies, according to independent layoffs tracker Layoffs.fyi.
• So far this year, more than 22,000 workers have been the victim of reductions across the tech industry.
• Intel announced that it will lay off more than 500 employees in Oregon, which is about 20% of its workforce.
• Eigen Labs said it had raised $70 million in tokens from a16z Crypto in June.
• If you have a tip on a layoff, contact us here.