Tag: tech companies layoffs

Hiring in artificial intelligence-relates (AI) roles continues to prove strong despite an overall dropoff in tech recruitment this year. 216,910 tech employees have been retrenched this year, up from 164,709 for the entirety of last year, data from Layoffs.fyi data revealed. "It's like there are two...

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...

Google parent company Alphabet Inc announced on Friday its decision to lay off 12,000 of its workers following a shift in strategies and priorities. The company is now looking to boost its reliance on Artificial Intelligence (AI) technology. Alphabet shares rose almost 4% in...

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...

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...