Microsoft to Amazon: By 2023, the technology sector will increase its competitiveness. And more and more companies will announce the release. The biggest name on the list right now is Microsoft, which plans to divest its engineering business. Similar tech trends are emerging in India, most recently on ShareChat. Tech companies are often blamed for the recession.
Although some companies have begun to hire more people to deal with diseases. If you see it as a successful business The best wireless headphones of technology seem to have changed a lot. Let’s take a look at all the technological components that have shaped this revolution and why.
Microsoft to Amazon Engineering Division
Bloomberg reported that Microsoft to Amazon plans to cut about 10,000 employees or 5 percent of its workforce. The company said today it will pay $1.2 billion in cash in the second quarter. Workers may be laid off as the mobile phone company says customers fear an economic downturn in parts of the world.
The company will be laying off employees and hiring new employees in October and July 2022, but this last challenge is likely to be greater. These job losses coincide with the slowdown of the global economy and the decrease in demand for activities and services.
In his first interview with CNBC-TV-18, Satya Nadella spoke about the importance of doing a good job in the technology industry. Admitting that the next two years will be “difficult” for business in some parts of the world, he added that Microsoft is a global company that has no problem facing pressure. All candidates will be announced on January 24 in good light. In fact, revenue growth will slow in 2017, according to Bloomberg, because Microsoft’s cloud business has not grown.
Amazon is also banned. impact on workers in India in November It was announced that Amazon will lay off 10,000 workers as part of efforts to restructure and reduce costs. But this number is very high. And 18,000 jobs will disappear this month.
The open letter said that Microsoft to Amazon will provide “counseling, temporary health insurance, Amazon India has also reported that some users of apps like Grapevine have abandoned about 75% of their records. Information is also used in writing. Amazon also has low demand and low income. It is something to be careful about.
Sharechat to Sack 20 Cent Employees
In India, ShareChat has announced job cuts that will affect 20% of the company’s workforce. The company said in a statement that the decision was made to “prepare the business to overcome these challenges.” We have to make some of the most difficult and painful decisions in our history as a company, letting go of 20% of the talented people who have been with us since the beginning.
Social media and small film parent Moz Mahala Tech is set to lay off 400 workers. This is the third layoff since the company cut 2,300 jobs in December 2022 and more from May 2020. AGE They will also get 100 % Miscellaneous Charges on Health Insurance for the Six Months to December 2022, which is June 2023.
For ShareChat, the growth of the short video industry has not proven to be profitable, especially as Instagram and YouTube have dominated the market with videos and short videos.
Department of Tech Ed, Food Delivery Technology in India
The Indian IT sector has suffered greatly from job losses. Baiju – once the world’s most profitable company – announced in October that it would cut 25,000 jobs, affecting 5% of its workforce. The company expects to return to profit by March 2023.
Other online companies such as Unacademy have also reduced work at the end of 2022. Unacademia will employ approximately 1,200 employees by 2022. Swiggy and Zomato have been cut off from food delivery shops. last year. Meanwhile, Danzo increased its capacity by 3% and CEO Kabir Biswas confirmed the statement.
Reduces Customer Team Performance
The company’s engineers and salespeople also announced job cuts in January this year. It is reported that the company is reducing production by 10% and plans to close factories and reduce costs from $ 3 billion to $ 5 billion. The company itself has acknowledged that the global pandemic has affected hiring and that the economic downturn will lead to layoffs and layoffs.
Nemesis CEO Marc Benioff confirmed the cancellation earlier this week on a January call, with more to come. Benioff said in the staff letter, “It’s a challenging area with our customers becoming more judgmental in their purchasing decisions.
Microsoft to Amazon: Adobe, Meta, Twitter, and Others
Other tech companies have also cut jobs. Meta cut 13% of its wages in November and laid off 11,000 workers. Elon Musk’s Twitter account has lost almost half of its employees (about 3,500 people) and has been fired more or less since his arrival. Adobe also announced job cuts, albeit 100 jobs, so on a smaller scale. Cisco Systems also plans to reduce its operations by 5%. Last year, companies like Snap (parent company of Snapchat, Lyft, and DoorDash) announced job cuts for many employees.
HP is predicting 6,000 layoffs over the next three years due to declining demand for PCs. Chipmaker Intel has been developing such systems for years. The company expects to save $10 billion by 2025, according to public estimates. Peloton, known for its modern bikes, laid off about 500 workers last October.
Seagate Technology Holdings, known for its computer drives, has announced job cuts that will affect 3,000 employees. American company Stripe’s layoffs affect 14% of its workforce.
Although Apple and Google still have advertising services, the service ends in Cupertino. Meanwhile, Google CEO Sundar Picha.