Of course they do!
Also banking/finance, steel, UPS, airlines…
https://intellizence.com/insights/layoff-downsizing/major-companies-that-announced-mass-layoffs/
Tech firm? MSM says the rest is doing mostly ok: https://finance.yahoo.com/news/yahoo-finance-chartbook-january-2024-110149183.html
Discussion
In the tech world, the gospel is that the current layoffs are barely offsetting the Covid hiring spree: https://archive.is/2023.01.24-221947/https://www.bloomberg.com/news/newsletters/2023-01-19/tech-layoffs-microsoft-amazon-still-bigger-than-before-covid