indianexpress.com Open in urlscan Pro
23.56.202.35  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Sections


 * English
 * தமிழ்
 * বাংলা
 * മലയാളം
 * ગુજરાતી
 * हिंदी
 * मराठी
 * Business
 * बिज़नेस

Newsletters
 * 
 * 
 * 
 * 

Friday, Mar 24, 2023
 * ePaper
 * Today’s Paper

Journalism of Courage

 * Home
 * Explained
 * Political Pulse
 * India
 * Cities
 * Opinion
 * Entertainment
 * Lifestyle
 * Technology
 * Videos
 * Sports
 * Audio
 * Education
 * Premium

Subscribe
Sign in
 * Trending
 * Daily Crossword
 * 📽️ Movie Reviews
 * Health Specials
 * Express et al.
 * 👑 Express Research
 * UPSC Special


Advertisement



 1. News
 2. Technology
 3. Tech
 4. Meta to Microsoft: Here are the tech companies that have announced layoffs
    in 2023


META TO MICROSOFT: HERE ARE THE TECH COMPANIES THAT HAVE ANNOUNCED LAYOFFS IN
2023


THE TECH INDUSTRY FACES A WAVE OF LAYOFFS AS COMPANIES STRUGGLE WITH THE
ECONOMIC DOWNTURN AND RISING INTEREST RATES, WITH META LEADING THE PACK WITH
10,000 JOB CUTS.

By: Tech Desk
New Delhi | Updated: March 18, 2023 08:37 IST

 * 
 * 
 * 
 * 

Facebook’s parent Meta will slash another 10,000 jobs and will not fill 5,000
open positions as the social media pioneer cuts costs. (AP Photo/Jeff Chiu)
Listen to this article
Meta to Microsoft: Here are the tech companies that have announced layoffs in
2023
x
00:00
1x 1.5x 1.8x

As the economy struggles and interest rates rise, the tech industry faces a wave
of layoffs that have been sweeping the sector since last year. Many companies
overestimated the demand during the pandemic and hired more workers than they
could afford. Now they are cutting costs by letting go of thousands of
employees, from big tech giants like Meta, Microsoft and Amazon to startups and
apps. Meta recently announced the largest job cuts so far, with 10,000 workers
losing their positions. In this article, we will explore more examples of these
layoffs in the industry.


META LAYS OFF 10,000 PEOPLE

Meta announced on Tuesday that it would slash its workforce by 10,000 people.
This comes after the company, formerly known as Facebook Inc, laid off 11,000
employees four months ago. Meta Platforms is the first big tech company to have
two rounds of mass layoffs in a short span of time.

Recommended for you
 * 1Musk denies report on SpaceX’s plans for new funding from Saudi, UAE
 * 2Amazon’s Audible launches ‘immersive, cinematic’ titles with Dolby Atmos
   support
 * 3WhatsApp’s new Windows app may tempt you to ditch the web app

The company’s CEO Mark Zuckerberg said in a memo to staff that the decision was
part of his plan to make 2023 the “Year of Efficiency”. He said he wanted to cut
$5 billion in costs and focus on building the metaverse, an integrated online
environment that connects all of its products and services.




MICROSOFT LAYS OFF AI ETHICS TEAM

Microsoft laid off its entire team dedicated to ensuring that artificial
intelligence innovations are ethical and lead to responsible and sustainable
outcomes. These firings are part of the recent spate of layoffs that led to
10,000 employees losing their jobs across the company in various departments.
The ethics and society team was reportedly not very large, with only around 7
people remaining following the reorganisation in October.

Also read |How tech firms misread pandemic demand & left workers out in cold

The elimination comes as Microsoft pours billions into its partnership with
OpenAI, the company behind ChatGPT and the technology that powers the new
AI-boosted Bing. Despite some really impressive capabilities, AI chatbots are
still in their infancy and are sparking debate surrounding ethical concerns.
Microsoft’s move calls into question its commitment to ensuring that its AI
technology remains grounded and addresses the ethical concerns being raised.


ATLASSIAN LAYS OFF 5% OF ITS WORKFORCE

Atlassian, the company behind tools like Jira, Trello, and Confluence on March 7
announced that it’s now laying off about 500 employees after a reorganisation
last month. That’s around 5% of its total workforce. The company continues to
report net losses in its quarterly earnings releases even as company co-founders
Mike Cannon-Brookes and Scott Farquhar stated in the announcement that the move
shouldn’t be seen as a reflection of the company’s financial performance.

“We’ve made hard calls to reduce our investment in specific areas, in order to
reinvest in others,” the co-founders wrote. “This is different to a
financially-driven reduction, where you would look to make ‘broad-based cuts’ –
for example, a 10% cut equally distributed across every org within the company.
This is not what is happening here.”

Advertisement



WAYMO GOES THROUGH 2ND ROUND OF LAYOFFS

Self-driving car company Waymo is going through a second round of layoffs this
month. The Alphabet subsidiary has cut 137 staff members, bringing the total
cuts to 8% of its workforce this year – or 209 employees in all. Waymo said the
cuts would let it “focus on commercial success.” The news came the same week
Waymo announced plans to start fully autonomous vehicles.


TWITTER SACKS 200 MORE EMPLOYEES

Following Musk’s takeover in late October 2022, Twitter has already fired 50 per
cent of the 7,500-strong workforce. But as it stands, the layoffs are far from
over. The company sacked over 200 more employees late last month, and one of
them was even an Elon Musk loyalist – Esther Crawford, chief executive of
Twitter payments who oversaw the platform’s Blue subscription. A post on Blind,
an anonymous platform for verified workers, shows the extent of the layoffs so
far: 50% in human relations, 60% in sales and marketing, 35% in engineering, 40%
in finance and 80% in project management.


GITHUB TO FIRE 10% OF ITS STAFF

Microsoft-owned internet hosting service for software development GitHub
followed its parent company in announcing layoffs last month, saying it’s
letting go 10% of its staff through the end of its fiscal year. The company
reportedly had 3,000 employees before, meaning 300 employees are about to be
laid off. GitHub is also shutting down all of its offices, partly because they
weren’t already being fully utilised, and will make way for a remote-only
culture. The company is also continuing its hiring freeze which it first
announced in January.

© IE Online Media Services Pvt Ltd

First published on: 15-03-2023 at 18:52 IST
 * 
 * 
 * 
 * 

Next Story

Indian treasures in US museum: Western institutions must move beyond talk of
decolonisation

 * Tags:
 * GitHub
 * META
 * microsoft
 * Twitter

Express Premium Get an Express subscription and do not miss out on these special
stories
See More

Latest Comment

Post Comment
Read Comments



Advertisement




MORE TECH

 * TechnologyAsus Vivobook Pro 15 review: Power-packed performance at a
   reasonable price
 * TechnologyChatGPT can now browse the Internet: From booking tickets to
   shopping, here’s how it will help you
 * TechnologyTwitter set to remove legacy blue ticks from April 1, pushes Blue
   subscription
 * TechnologyBeethoven’s DNA reveals clues about his health, death and
   infidelity in his family

Advertisement


PHOTOS

Lunar Eclipse 2022 images: Pictures of the last total lunar eclipse for next
three years
 * Photos: NASA and SpaceX’s historic Crew-5 launch to International Space
   Station
 * Atmanirbharta on lips, PM Modi launches 5G services in India

 * Nokia 8210 4G, Nokia 2660 Flip: Check out the latest Nokia retro phones
 * OnePlus 10T 5G: Check out the latest flagship phone from OnePlus

BEST OF EXPRESS

 * BusinessAdditional relief under new tax regime to those with over Rs 7
   lakh/year taxable income
 * Lok Sabha passes Finance Bill with 64 official amendments without discussion
 * EntertainmentBheed movie review: A grim and necessary reminder of a recent
   tragedy
 * EntertainmentWhen Amitabh Bachchan got upset with Dhoom 2 director for saying
   Abhishek Bachchan was 'finished, beaten': 'Why did you hire him?'
 * Trending‘Cleared Google interview but failed tenant interview in Bengaluru’,
   says man; read his hilarious post
 * TrendingNeeraj Chopra dances his heart out to ‘Bijlee Bijlee’ at India Sports
   Honours 2023
 * SportsIndia can play Pakistan at a neutral venue during Asia Cup: Pakistan
   Cricket Board's proposal
 * SportsImpact Player rule negates the role of all-rounders, bits and pieces
   players: Ricky Ponting
 * OpinionXi Jinping's Russia visit: Russian ballet with Chinese characteristics
   diminishes India's strategic space
 * ExplainedAfter Rahul Gandhi's conviction: How an MP's disqualification
   happens
 * LifestyleCelebrating Sri Lankan architect Geoffrey Bawa's archives for the
   first time in India
 * TechnologyAsus Vivobook Pro 15 review: Power-packed performance at a
   reasonable price

MUST READ

 * SportsIndia can play Pakistan at a neutral venue during Asia Cup: Pakistan
   Cricket Board's proposal
 * SportsImpact Player rule negates the role of all-rounders, bits and pieces
   players: Ricky Ponting
 * SportsHastening Jasprit Bumrah's return may result in career-threatening
   injury
 * TechnologyAsus Vivobook Pro 15 review: Power-packed performance at a
   reasonable price
 * TechnologyChatGPT can now browse the Internet: From booking tickets to
   shopping, here’s how it will help you
 * TechnologyTwitter set to remove legacy blue ticks from April 1, pushes Blue
   subscription
 * LifestyleCelebrating Sri Lankan architect Geoffrey Bawa's archives for the
   first time in India

Advertisement


MAR 24: LATEST NEWS

 * After verdict, Rahul dines at local Surat restaurant
 * Did fake PMO official hold meeting on G20, asks Gujarat Congress leader
 * Under custody in J&K, ‘conman’ Kiran Patel booked in fresh case in Ahmedabad
 * BJP engaged in revenge politics: Gujarat Congress
 * Bombay HC’s notice to PNB, Nirav Modi after ED claims right to seized assets
 * MSU dept of German students protest against lack of teachers, lock faculty
   gates
 * India can play Pakistan at a neutral venue during Asia Cup: Pakistan Cricket
   Board’s proposal
 * José Luis Mendilibar replaces Jorge Sampaoli as Sevilla FC coach
 * Transgender athletes condemn ban on inclusion in female events
 * Hastening Jasprit Bumrah’s return may result in career-threatening injury

Advertisement




Subscribe
Sign In
 * * e-paper
   * Premium
   * India
   * Elections 2023
 * * Opinion
   * Political Pulse
   * Explained
   * Science
 * * Sports
   * World
   * Business
   * Entertainment
 * * Health
   * Lifestyle
   * Technology
   * Education
 * * Eye
   * Trending
   * Cities
   * Newsletters
 * * Photos
   * Videos
   * Audio
   * Web Stories

 * Trending
 * Daily Crossword
 * 📽️ Movie Reviews
 * Health Specials
 * Express et al.
 * 👑 Express Research
 * UPSC Special


close
 * Subscribe
 * Sign In

 * e-paper
 * Premium
 * India
 * Elections 2023

 * Opinion
 * Political Pulse
 * Explained
 * Science

 * Sports
 * World
 * Business
 * Entertainment

 * Health
 * Lifestyle
 * Technology
 * Education


 * Eye
 * Trending
 * Cities
 * Newsletters

 * Photos
 * Videos
 * Audio
 * Web Stories

Top Categories
 * Explained News
 * Political Pulse
 * Latest Opinion
 * Mumbai News
 * Delhi News
 * Pune News
 * Bangalore News
 * Bollywood News
 * Health News
 * India News
 * Sports News
 * Lifestyle News
 * Jobs
 * Mobile & Tabs
 * Tech Reviews
 * Gadgets
 * Mobile & Tabs
 * Food & Wine
 * Elections 2023
 * Fitness


Trending News
 * Latest News
 * Income Tax Slab
 * Health and Wellness
 * Cricket News
 * Education News
 * Entertainment News
 * Why Subscribe To The Indian Express
 * Buy All-Access pass
 * Subscribe to The Indian Express
 * Buy Digital Premium
 * Horoscope
 * Trending News
 * WPL 2023
 * Express et al.


LATEST STORIES
 * There was no planning: Mohammad Kaif criticizes Virat Kohli’s shot selection
   after dismissal against AUS in 3rd ODI
 * BPSC 68th CCE Prelims Result date announced; check schedule
 * British king’s visit to France cancelled amid mass protests
 * NEET PG 2023: Scorecard, counselling, 5 years’ cut-off
 * Amruta Fadnavis ‘extortion’: Aniksha Jaisinghani sent to judicial custody;
   bail hearing next week
 * ‘Cleared Google interview but failed tenant interview in Bengaluru’, says
   man; read his hilarious post
 * Keratin hair treatment: 7 important facts you must know about
 * What are the laws under which Rahul Gandhi has been disqualified?
 * Rajkummar Rao opens up about plastic surgery rumours: ‘I just smile’
 * Rahul Dravid making entire Indian squad listen to Empire podcast, says
   William Dalrymple
 * Pakistan receives USD 2 billion rollover deposits from China to get IMF
   bailout: Report
 * Messier 55 shines in this star-studded image captured by the Webb telescope
 * Look back into MPs and MLAs disqualified after conviction
 * ‘Top Gear’ filming halted after presenter Andrew Flintoff’s car crash
 * How do long-term motor insurance policies proposed by IRDAI provide freedom
   and flexibility to the policyholder?
 * NIA files chargesheet against jailed gangster Lawrence Bishnoi, Goldy Brar,
   12 others

Follow Us
 * 
 * 
 * 
 * 

Download Apps
 * 
 * 

 * 
 * 
 * The Indian Express website has been rated GREEN for its credibility and
   trustworthiness by Newsguard, a global service that rates news sources for
   their journalistic standards.

Express Group
 * The Indian Express
 * ieTamil.com
 * The Financial Express
 * ieBangla.com
 * Loksatta
 * ieMalayalam.com
 * Jansatta
 * ieGujarati.com
 * inUth
 * The ExpressGroup
 * MyInsuranceClub
 * Newsletters
 * 26/11 Stories of Strength
 * Ramnath Goenka Excellence in Journalism Awards
 * Online Classes for Kids
 * Light House Journalism
 * Compare Term Insurance

Quick Links
 * T&C
 * Privacy Policy
 * Advertise with Us
 * Brand Solutions
 * Contact Us
 * Subscribe
 * Statutory provisions on reporting (sexual offenses)
 * This website follows the DNPA’s code of conduct
 * CSR

Copyright © 2023 The Indian Express [P] Ltd. All Rights Reserved