SpaceX Launches Reusable Rockets to Boost Sustainability
Layoffs in 2023 by Major Tech Companies
By Indu Tyagi Ketan , 31 January, 2023
2023 is seeing major tech layoffs in some of the world's biggest tech companies. Microsoft, Alphabet, Amazon, and Salesforce are the companies ahead in this layoff in 2023. Among these, Microsoft and alphabet are the latest companies to announce significant job cuts, per the reports.
Big companies like Microsoft, Amazon, etc., and smaller tech firms face declining revenue. This decline is happening since these companies hired binge during the pandemic when lockdowns forced remote work and were suitable for e-commerce.
The layoff in 2023 is worse than in 2022 even. But it is forecasted that global IT spending may rise in 2023. The survey said that in 2022, the tech sector cut employees more than 150,000; in some initial weeks of 2023, layoffs reached 30 percent of that figure.
In January 2023, Satya Nadella, CEO of Microsoft, confirmed that the company would cut off 5 percent of its workforce by impacting 10,000 employees. The report says Amazon is to lay off nearly 18,000 employees. And the majority of the job cuts will be seen in the Amazon Stores and People, Experience, and Technology (PXT) organizations.
As per the CEO of Andy Jassy, the layoffs result from 'the uncertain economy,' but then added that releases will provide long-term opportunities for a more robust cost structure for the companies. According to the reports, experts are expecting widespread job cuts throughout 2023.
Major Tech Company Layoffs
Latest News
SpaceX Launches Reusable Rockets to Boost Sustainability
Sustainability is a new phenomenon in the energy market as the clean energy transition grows significantly. Different energy market sectors are adopting several ways for effective transformation in 2024. Hence, space technology does not fail to…
Rate of Oil and Gas Drilling Activities Drops in the United States
The United States went through a decline in oil and gas drilling activities in 2024. Since the beginning of the year, the United States has faced many challenges in keeping up with the oil drilling process. Recently, the surveys showed that the total…
U.S Electricity Demand to Get Double with AI and EV by 2030
Electrification in the energy sector will ramp up in the United States in 2024. The nation aims to set up data centers and increase the production of electric vehicles, citing the green energy transition. Both activities demand a high electricity…
Renewable Energy Production Slows down due to Lack of Transformers
Renewables are in high demand in the energy market in 2024. It is due to a clean energy transition that requires a constant flow of renewables in the energy market. The green transformation to combat climate change brings about several environmental…
Packaging Manufacturer Collabs with Solar Projects to Enhance Cleantech in 2024
Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…
Indu Tyagi Ketan
Chief Strategy Officer
