Microsoft has confirmed in a filing with the Securities and Exchange Commission (SEC) that it plans to lay off approximately 10,000 employees by the end of the third fiscal quarter of 2023. During the layoff season last year, Microsoft underwent a smaller round of layoffs, cutting down more than 1,000 employees from its workforce. Microsoft plans to provide and support them in their transition period. At the start of the year, Salesforce announced it would lay off approximately 10% of its employees, i.e. It is unclear what the rest of the year will hold for other tech companies but with the economy still in recession, more companies might succumb to this strategy sooner or later.
For Parag Agrawal, since his public appointment in November 2021, The Twitter CEO has been at odds with the Tesla CEO. Elon Musk has announced the deal’s completion on his Twitter account and changed his location to Twitter Headquarters while the company undergoes all this purging. the bird is freed — Elon Musk (@elonmusk) October 28, 2022Elon Musk’s dreams for TwitterFor Elon Musk, he has said that this is not one of his new money-making schemes. Read Also: Elon Musk has to close Twitter buyout deal on Friday or face court trialThe Elon Musk versus Twitter SagaThe tumult began in April of this year when the billionaire started fiddling with the notion of acquiring Twitter. People weren’t ready for the Tesla CEO to assume control of the microblogging site, thus the move prompted a lot of rumours.3 months ago Technext
Amazon’s layoff has continued in 2023 as the company’s CEO, Andy Jassy, shared a message with the employees today, briefing them on the new updates on role elimination. The briefing was done sooner than expected to address the rumours about the layoff plans leaked by some employees. The elimination process will cut across several teams in the company but, most especially, their team in the Amazon Stores and PXT organizations. Read Also: Amazon plans to lay off 10,000 employees this weekThis new layoff update follows the layoff of almost 10,000 Amazon employees last year. Layoffs in the tech spaceAmazon’s layoff is one of the largest from a major technology company.1 month ago Technext