As the tech world settles into 2023, there is still uncertainty within the sector amid fears of a deepening recession and a talent crisis, resulting in mass layoffs.
Microsoft is the latest tech giant to lay off scores of employees. This morning, Microsoft CEO Satya Nadella announced that the company will let go of approximately 10,000 employees through March 31 as the software maker braces for slower revenue growth. The layoffs will represent a bit less than five percent of the company’s workforce.
Many other technology companies have lowered head counts in recent weeks, including Salesforce, Meta, Twitter, Alphabet and Amazon.
Today, Amazon begins a fresh round of job cuts in what’s expended to become the largest workforce cuts in its 28-year history.
Earlier this month, CEO Andy Jassy said the layoffs would affect more than 18,000 employees, primarily in its human resources and stores divisions. In addition to the layoffs, the company has implemented a hiring freeze across its corporate workforce, slowed its warehouse expansion, and shuttered some experimental projects.
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