Highlights

  • Tech giant Microsoft is cutting hundreds of jobs
  • Google to slow hiring through 2023 in memo to employees

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Microsoft and Google prepare for predicted economic downturn

Sundar Pichai: the uncertain global economic outlook has been top of mind

After Netflix, Peloton and Robinhood, Microsoft has became the latest company to cut jobs during a period of mounting economic uncertainty.

The layoffs reportedly affect less than 1% of Microsoft’s 180,000-person workforce and follow no clear pattern with respect to geography or product division, touching on teams including customer and partner solutions and consulting.

Microsoft is not alone to feel the burn, Google has also told its employees that it’ll be “slowing down the pace of hiring for the rest of the year,” according to an internal memo by CEO Sundar Pichai.

Hundreds of state govt employees quit as WFH ends

“Like all companies, we’re not immune to economic headwinds,” Pichai wrote in the memo. “We need to be more entrepreneurial working with greater urgency, sharper focus, and more hunger than we’ve shown on sunnier days.” he further added.

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