amid economic uncertainty, coming off the spectacular highs of the early pandemic period, when Wall Street cheered on the staggering gains of Internet, software and communications companies. Amazon, Meta and Salesforce are among the tech companies that have announced cuts as worries of a recession intensify.The layoffs at Microsoft amount to less than 5 percent of its workforce. Some of the affected workers will be notified as soon as Wednesday, the company said.
“These are the kinds of hard choices we have made throughout our 47-year history to remain a consequential company in this industry that is unforgiving to anyone who doesn’t adapt to platform shifts,” said Microsoft chief executive Satya Nadella in a note to staff that was published on the company’s blog.
There are more open jobs than people to fill them. FactsMatter. No excuse not to get a job, or even two, even if you lack skills. America has become lazy and too dependent on our government.
Did Elon Musk buy that too?🤣
BillGatesBioTerrorist
Guess we can subtract those from job growth statistics.
It looks like tech’s big shareholders have all agreed that 10K is the right number of layoffs for each firm bc that’s been almost the universal number
“Restructuring” = adding profits for stock holders.
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Source: CNBC - 🏆 12. / 72 Read more »