After a period of aggressive hiring to meet heightened demand for online services during the pandemic, tech companies are now laying off many of those workers. And tech bosses are saying ‘mea culpa’ for the miscalculation. WSJ reporter Dana Mattioli joins host Zoe Thomas to talk through the shift and what it all means for the tech sector going forward. Microsoft Corp. MSFT -1.89% said Wednesday it plans to eliminate 10,000 jobs in response to the global economic slowdown, the company’s largest layoffs in more than eight years and the latest in a string of cuts from big technology companies. The software company’s chief executive, Satya Nadella, wrote that the layoffs would happen before the end of March and affect less than 5% of the company’s worldwide workforce. The last time Microsoft laid off that many people was in 2014, when 18,000 employees lost their jobs as the company pulled out of cellphones and other noncore businesses. In a blog post to employees, Mr. Nadella pointed to the shaky economy, telling employees that companies globally had begun to “exercise caution as some parts of the world are in a recession and other parts are anticipating one.” He added that […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
