Key takeaways
- Microsoft is laying off 5% of its workforce, citing recessions as a key factor
- Amazon still holds the title of biggest layoff yet, with 18,000 employees fired
- The bigger picture shows big-ticket investments and a shifting of long-term priorities, especially with the introduction of AI
It’s not been a great month for tech companies. Microsoft has announced its first round of mass layoffs in years, hot on the heels of many other giants in the market doing the same.
Amazon and Microsoft alone make up 28,000 jobs lost in January. We’re yet to see the highs of over 50,000 workers across 217 companies being laid off in November 2022, but we’re still two weeks out from the month being over.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased