Microsoft Job Cuts

Social networking firm LinkedIn announced Tuesday that it will close down its last service available in China, citing "fierce competition and a challenging macroeconomic climate". The company had introduced a unique domestic version of the career networking platform operated locally in order to comply.

Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology secto...

LinkedIn, the social media network owned by Microsoft, that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.

LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.

Roughly 1,21,205 people have lost their jobs since the beginning of this year with 84,714 employees being laid off in January and 36,491 in February.

Meta Platforms will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce.

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the industry.

Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak adv...

Big Tech layoffs have affected nearly every noteworthy firm in Silicon Valley with almost 100,000 positions eliminated this year. Tech workers might have taken the brunt of firings, but their counterparts in finance have begun to feel the pressure of the ongoing financial slowdown. Here's how the ongoing layoffs in the tech sector could hurt CEOs a...

Zoom announced on Tuesday that it will cut about 1,300 jobs, amid slowing demand in a post-pandemic world. The cuts will affect 15 percent of the company's workforce. Zoom CEO Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.

Dell Technologies will eliminate about 6,650 jobs, or about five percent of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday. The previous cost-cutting measures, including a pause on hiring and limits on travel, are no longer enough, CEO Jeff Clarke said in a memo.

Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go.

Alphabet on Thursday posted disappointing fourth-quarter profit and sales, short of estimates by Wall Street. The Google parent firm has seen advertising clients hold back on spending amid a slowing economy and concerns over consumer spending, while competition from rivals has seen an increase.

Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday. The layoffs impacted 1,02,943 workers, a more than two-fold jump from December and an over five-times surge from a year earlier, according to the repo...

PayPal on Tuesday said it would cut 7 percent of its workforce, or about 2,000 employees, as the digital payments firm looks to cut costs amid the ongoing economic slowdown facing the technology industry. The company joins titans like Meta, Amazon, and Microsoft that have all recently announced layoffs.

Social networking firm LinkedIn announced Tuesday that it will close down its last service available in China, citing "fierce competition and a challenging macroeconomic climate". The company had introduced a unique domestic version of the career networking platform operated locally in order to comply.

Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology secto...

LinkedIn, the social media network owned by Microsoft, that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.

LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.

Roughly 1,21,205 people have lost their jobs since the beginning of this year with 84,714 employees being laid off in January and 36,491 in February.

Meta Platforms will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday, only a few months after the Facebook-parent reduced more than 11,000 people from its workforce.

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the industry.

Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak adv...

Big Tech layoffs have affected nearly every noteworthy firm in Silicon Valley with almost 100,000 positions eliminated this year. Tech workers might have taken the brunt of firings, but their counterparts in finance have begun to feel the pressure of the ongoing financial slowdown. Here's how the ongoing layoffs in the tech sector could hurt CEOs a...

Zoom announced on Tuesday that it will cut about 1,300 jobs, amid slowing demand in a post-pandemic world. The cuts will affect 15 percent of the company's workforce. Zoom CEO Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.

Dell Technologies will eliminate about 6,650 jobs, or about five percent of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday. The previous cost-cutting measures, including a pause on hiring and limits on travel, are no longer enough, CEO Jeff Clarke said in a memo.

Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands of employees go.

Alphabet on Thursday posted disappointing fourth-quarter profit and sales, short of estimates by Wall Street. The Google parent firm has seen advertising clients hold back on spending amid a slowing economy and concerns over consumer spending, while competition from rivals has seen an increase.

Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday. The layoffs impacted 1,02,943 workers, a more than two-fold jump from December and an over five-times surge from a year earlier, according to the repo...

PayPal on Tuesday said it would cut 7 percent of its workforce, or about 2,000 employees, as the digital payments firm looks to cut costs amid the ongoing economic slowdown facing the technology industry. The company joins titans like Meta, Amazon, and Microsoft that have all recently announced layoffs.