According to media sources, IT giant microsoft has let go of almost 1,000 workers across several departments. The action, according to Axios, is just another instance of major tech businesses laying off employees after previously taking steps to reduce or halt hiring as the overall economy cools. The internet company refuses to disclose the precise amount of job cuts, but a source told the news outlet that there had been fewer than 1,000 layoffs.
"Like other businesses, we regularly review our business priorities and change our structural priorities as necessary. In the upcoming year, we will continue to invest in our company and hire in strategic growth areas "In a statement, microsoft was cited as saying. The reductions happened at various levels, in various teams, and all across the world. Many people who had their jobs eliminated announced it on Twitter, Blind, and other online forums. Nearly all of the top tech companies, according to the report, have paused or frozen hiring except for necessary positions.
Meta, which had already halted hiring, intends to reduce spending across the board, with layoffs likely. Meanwhile, the computer behemoth has let go of approximately 2,000 workers internationally during the previous six months. Google, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel, and Salesforce are a few more tech giants that have reduced hiring or laid off workers as a result of the current economic slump.
"Like other businesses, we regularly review our business priorities and change our structural priorities as necessary. In the upcoming year, we will continue to invest in our company and hire in strategic growth areas "In a statement, microsoft was cited as saying. The reductions happened at various levels, in various teams, and all across the world. Many people who had their jobs eliminated announced it on Twitter, Blind, and other online forums. Nearly all of the top tech companies, according to the report, have paused or frozen hiring except for necessary positions.
Meta, which had already halted hiring, intends to reduce spending across the board, with layoffs likely. Meanwhile, the computer behemoth has let go of approximately 2,000 workers internationally during the previous six months. Google, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel, and Salesforce are a few more tech giants that have reduced hiring or laid off workers as a result of the current economic slump.
click and follow Indiaherald WhatsApp channel