Layoffs announced at multiple companies this summer

The summer has brought announcements of job cuts at a slew of different companies. The planned layoffs are expected to collectively hit thousands of people who work in industries including tech, media and auto. Some of the firms that have disclosed intentions to reduce their headcounts this summer include: Cisco is embarking on a restructuring to "allow it to invest in key growth opportunities and drive more efficiency in its business." That effort will involve laying off 7% of the company’s workers, according to a Securities and Exchange Commission (SEC)...