Microsoft cuts jobs across roles, Google slows hiring
The layoffs affected less than 1 per cent of its workforce, spanned across groups ranging from consulting and customer
Microsoft has cut jobs spanning a variety of groups including consulting and customer and partner solutions and were dispersed across geographies.
The layoffs affected less than 1 per cent of its workforce, spanned across groups ranging from consulting and customer and partner solutions and were dispersed across geographies, reported Bloomberg.
This has been done as the company realigned business groups and roles after the close of its fiscal year on June 30, according to the report.
The report said Microsoft plans to keep hiring for other roles and finish the current fiscal year with increased headcount.
According to another report, Alphabet Inc's Google plans to slow hiring for the remainder of the year in the face of a potential economic recession, Chief Executive Officer Sundar Pichai said Tuesday in an email to staff.
In India also, several start-ups in recent months laid off employees to cut costs and focus on profitability. Recently, edtech unicorn start-up Byju's laid off over 600 employees, including both permanent and contractual.
Before Byju's, new-generation enterprises including Vedantu, Unacademy and Cars24 have also let go of over 5,000 employees in India this year.
Ola has laid off about 2,100 employees during January-March this year, followed by Unacademy (over 600), Cars24 (600) and Vedantu (400).
This apart, e-commerce firm Meesho has laid off 150 employees, furniture rental start-up Furlenco 200, influencer-led social commerce start-up Trell 300 employees and OkCredit has let go of 40 employees.