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| Economy |
| Microsoft to reportedly cut 11K jobs, following Amazon and Meta |
| 2023-01-18 |
| [NYPOST] Microsoft plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected layoffs would be the latest in the US technology sector, where companies including Amazon and Meta Platforms have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook. Microsoft’s move could indicate that the tech sector may continue to shed jobs. "From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen," Morningstar analyst Dan Romanoff said. UK broadcaster Sky News reported, citing sources, that Microsoft plans to cut about 5% of its workforce, or about 11,000 roles. |
| Posted by:Fred |
| #4 Wonder what the H1b vs. Citizen ratio will be. Is this the type of thing the Department of Labor would monitor? By the Numbers: Projected Growth in Data-Related Jobs Guess not. Seems they don't have a clue. |
| Posted by: Skidmark 2023-01-18 09:54 |
| #3 It will be tough for them. There is no way that any McDonalds will let their fryalator person work remote. |
| Posted by: Super Hose 2023-01-18 09:08 |
| #2 Mike, as someone said "Learn to mine" |
| Posted by: Rambler in Virginia 2023-01-18 09:07 |
| #1 ...Well, like the Big Guy says, "Learn to code -" Um, wait a minnit... Mike |
| Posted by: MikeKozlowski 2023-01-18 06:55 |