U.S. Layoffs Surge in January Following Tech Companies’ Jobs Cuts
Job cuts in the United States surged to a more than two-year high in January after a wave of tech companies implemented mass layoffs, a report from employment firm Challenger, Gray & Christmas Inc. on Thursday showed. Tech companies alone accounted for 41,829 layoffs...
Microsoft to Cut 10,000 Jobs Following Sales Decline
Microsoft announced on Wednesday its plan to eliminate 10,000 jobs as it attempts to cut costs. The reduction will impact 4.5% of the company's workforce of approximately 221,000 employees.
This comes after the tech giant saw a decline in PC sales and cloud growth. "As...
Microsoft Becomes the Latest Company to Engage in Workforce Layoffs
Working for a tech company doesn't seem all that great these days. The layoffs are taking place left and right, and not even Big Tech is immune to them. According to Bloomberg, Microsoft recently made a decision to cut one percent of its workforce...