Microsoft Corp. is cutting a small percentage of its staff, the latest in a string of layoffs by high-profile tech companies.
The software maker said it is cutting a number of positions, affecting less than 1% of its total workforce. Microsoft, which employed about 181,000 people as of June 2021, is making the cuts as a part of a regular adjustment at the start of its fiscal year, a spokesman said. The company’s overall workforce will still rise in the coming year, he said. Bloomberg earlier reported the cuts.
Rapid delivery startup Gopuff told its investors in a note Tuesday that it is cutting 10% of its workforce, or about 1,500 employees, amid growing concerns about the economy.
The tech industry has been hiring at a rapid pace for years, but the easy money that fueled years of high-flying startups is drying up. The reversal of some pandemic trends, combined with inflation, supply-chain shortages and a labor crunch, is cooling parts of the once red-hot tech sector.
A number of tech companies in recent months have laid off employees to deal with slowing growth and fallout from other macroeconomic factors.Microsoft Corp. is cutting a small percentage of its staff, the latest in a string of layoffs by high-profile tech companies.
The software maker said it is cutting a number of positions, affecting less than 1% of its total workforce. Microsoft, which employed about 181,000 people as of June 2021, is making the cuts as a part of a regular adjustment at the start of its fiscal year, a spokesman said. The company’s overall workforce will still rise in the coming year, he said. Bloomberg earlier reported the cuts.
Rapid-delivery startup Gopuff told its investors in a note Tuesday that it is cutting 10% of its workforce, or about 1,500 employees amid growing concerns about the economy.
The tech industry has been hiring at a rapid pace for years, but the easy money that fueled years of highflying startups is drying up. The reversal of some pandemic trends, combined with inflation, supply-chain shortages and a labor crunch, is cooling parts of the once red-hot tech sector.
A number of tech companies in recent months have laid off employees to deal with slowing growth and fallout from other macroeconomic factors.Microsoft Corp. is cutting a small percentage of its staff, the latest in a string of layoffs by high-profile tech companies.
The software maker said it is cutting a number of positions, affecting less than 1% of its total workforce. Microsoft, which employed about 181,000 people as of June 2021, is making the cuts as a part of a regular adjustment at the start of its fiscal year, a spokesman said. The company’s overall workforce will still rise in the coming year, he said. Bloomberg earlier reported the cuts.
Rapid-delivery startup Gopuff told its investors in a note Tuesday that it is cutting 10% of its workforce, or about 1,500 employees amid growing concerns about the economy.
The tech industry has been hiring at a rapid pace for years, but the easy money that fueled years of highflying startups is drying up. The reversal of some pandemic trends, combined with inflation, supply-chain shortages and a labor crunch, is cooling parts of the once red-hot tech sector.
A number of tech companies in recent months have laid off employees to deal with slowing growth and fallout from other macroeconomic factors.
You must be logged in to post a comment.