From Microsoft to Amazon layoffs dominate tech world in 2023

In the year 2023, layoffs will rule the IT industry, from Amazon to Microsoft. Only 18 days into the New Year, and the number of computer businesses laying off employees is rising as economic worries intensify. Microsoft is one of the well-known companies that has lately joined the list as a result of the scaling back. Microsoft Corp. intends to eliminate thousands of positions in its engineering and human resources departments. Although the amount of layoffs at Microsoft this year has not been made public, a person with knowledge of the situation claimed that this year's round will be substantially greater than previous ones.

Amazon.com Inc. is also prepared to begin a fresh wave of significant job cutbacks as it braces for a potential recession and sluggish sales growth. The corporation revealed earlier this month that 18,000 of its corporate ranks workers will lose their employment. CEO Andy Jassy wrote in a note to the staff, "These adjustments will enable us pursue our long-term ambitions with a better cost structure."

Along with Vimeo, ShareChat, Cisco Systems, Intel, Meta Platforms, Qualcomm, and Salesforce Inc., Amazon is one of several major IT firms that are reducing staff. Amazon, Vimeo, and Salesforce are among the other companies that have let go almost 30,611 employees in the first six days of January 2023, according to a study.

ShareChat, which is supported by Google, recently announced that it will fire about 20% of its staff. ShareChat CEO Ankush Sachdeva stated in a message that there is "increasing market agreement that the present global economic crisis will be a far more severe one, and we consequently, regretfully, have to seek greater cost reductions by decreasing our staff size."

A significant software business, Salesforce Inc., said that it will fire around 10% of its workforce. Salesforce recently disclosed that it would shut certain offices as part of its reorganisation strategy, citing a difficult economy and recession worries.

Other firms that have made announcements include Twitter, Meta, HP, Byju's, Unacedemy, Goldman Sachs Group Inc., Moran Stanley, Intel Corp., Johnson & Johnson, and Snapchat.