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Joining the Big Tech league of Amazon, Meta and Microsoft, Google's parent company Alphabet is now laying off 12,000 employees, or about 6 per cent of its workforce, globally, the media reported on Friday. 📲 Alphabet Layoffs: Google’s Parent Company To Sack 12,000 Employees.
Microsoft Chairman and CEO Satya Nadella on Wednesday said that the company will be "making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3 (third quarter)"
Many anticipated the cuts, but they further emphasize how every company is impacted by inflation, rising interest rates, and lower customer spending.
Microsoft sacks 10,000 employees: Check CEO Satya Nadella's full letter to employees here
Microsoft Corp. CEO Satya Nadella said the technology industry must learn to be efficient as demand slows