The Latest Breaking News on Why your employer might be taking away some much-loved benefits very soon

Microsoft on Tuesday said sales slowed and profits slumped in the last quarter of 2022 as a darkening economic outlook pushed it to lay off 10,000 workers. The Washington state-based tech giant -- owner of LinkedIn, Xbox and Windows -- said overall sales rose just two percent in the October-to-December…

Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines.

In a company-wide meeting on Monday, Pichai announced that senior executives would take a "very significant" pay cut, according to reports.

“Ultimately, it keeps coming back to, simply, these companies added too many people too fast,” Deepwater Asset Management’s Gene Munster said on Monday.

NEW DELHI: After a year that was marred with geopolitical uncertainties and related impacts like soaring inflation, tightening monetary policy and slowing economic growth, the year 2023 started with a series of layoffs at big companies like Google, Microsoft, Amazon and more.

In just the past month there have been about 50,000 job cuts across the technology sector

Microsoft is letting go of 10,000 workers while CEO Satya Nadella tells Davos, "A golden age of A.I. is underway."

The search giant used its layoff announcement to foreshadow the coming release of A.I.-powered products.

More than 50,000 workers at big tech firms have lost their jobs in recent months

Staff cuts follow similarly vast reductions at Microsoft, Amazon and Meta

In just the past month there have been about 50,000 job cuts across the technology sector