Which groups in Microsoft got impacted yesterday? Fast-forward to February: Large tech companies only made up about 82% of layoffs still the majority by a long shot, but we saw worse in November, when 88% of workforce cuts were driven by public tech firms. Layoffs are a somber and saddening subject. Mass layoffs are one of the more painful consequences of a looming economic recession, and the high-flying and well-funded tech industry isn't immune. Amazon recently laid off 18,000 employees, while Facebook and Instagram owner Meta cut 11,000 jobs. Rivals like Google, Amazon, Facebook have all acquired big consumer apps like YouTube, Twitch, and Instagram, and Microsoft is still trying to align its consumer offerings. I thought they already did one round of layoffs. Facebook parent Meta Platforms decreased its target for adding software engineers this year from 10,000 to around 6,000 to 7,000, Reuters reported last week. Crypto company Gemini is having some trouble with fraud, Some Pixel phones are crashing after playing a certain YouTube video. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. My TC: $250k (I work at MSR and was one of the ones laid off today) #layoff. Why would I be the exception? Startups in cyber, defense and biotech all saw some large rounds in a week that for once was not dominated by artificial intelligence. Determining what areas are essential or at risk requires inside knowledge of your firm's retreat and recovery plans and can be difficult to know at a distance. January 20Google parent Alphabet plans to cut around 12,000 jobs worldwide, CEO Sundar Pichai said, citing the need for tough choices in order to fully capture the huge opportunities lying ahead. Microsoft lays off part of its consumer-focused R&D group - TechCrunch The layoffs affect Microsoft vets like Greg Chapman and KC Lemson, and cut across a broad swath of departments and orgs. This as-told-to essay is based on a conversation with Tiana Watts-Porter, a 25-year-old tech recruiter from Dallas who was laid off from Microsoft. January 26Hasbro said it would cut 15% of its global workforce this year (affecting roughly 1,000 full-time employees), as the toymakers revenue fell 17% over the past year against the backdrop of a challenging holiday consumer environment, CEO Chris Cocks said in a statement. After an unfortunate health incident last year, I'm largely responsible for taking care of my mother and I wanted her to know that no matter what happened, she would be taken care of. Microsoft is the latest company to announce a large round of layoffs, cutting 10,000 jobs on Wednesday. February 1Boston-based online sports betting company DraftKings also said it plans to cut 3.5% of its global workforce, in a cost-cutting move expected to affect approximately 140 employees, the Boston Globe reported. While public companies have spent the last few months zig-zagging in layoffs numbers, startups are still cutting employees at a pretty steady cadence. https://www.theverge.com/2023/1/17/23559412/microsoft-layoffs-job-cuts-2023 Does anyone know which orgs ? To me it feels cheap. #layoffs #micr, ~45 people laid off today from Microsoft Research in Redmond. NY 10036. Microsoft's Satya Nadella says 10,000 workers face layoffs
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