Mass layoffs continue in the global technology sector

In addition to these numbers, Alphabet Inc. and Microsoft Corp. and Google subsidiary Amazon.com combined to add another 30,000 jobs in January 2023, the entity study reported.

The study indicated that major technology companies benefited from the surge in spending on e-commerce and remote work during the closures due to the Covid-19 pandemic.

However, the report indicated that many of these companies are currently announcing growth rates that they consider disappointing and are facing a drop in share prices.

Specifically, the American multinational corporation Microsoft announced a few days ago that it would cut more than 10,000 jobs, nearly five percent of its workforce.

The company’s CEO, Satya Nadella, announced that some withdrawal notices had already begun to be delivered on January 18 and that the process would end at the end of March.

The wave of layoffs comes after the company added massive jobs during the Covid-19 pandemic, as the tech giant responded to an additional surge in demand for cloud computing software and services.

Analysts stressed that by then, millions of people had been entered into remote jobs and students continued to educate themselves from home.

Experts said that given this scenario, Microsoft’s workforce grew 36 percent in the two fiscal years after the health emergency emerged.

The specialists indicated that these numbers mean a transition from 163 thousand workers at the end of June 2020 to 221 thousand in June 2022, almost half of them in the United States. tiger / yag