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More job losses in the tech sector as GitLab announces layoffs

Another company in the tech industry has announced a round of layoffs as GitLab, key competitor to Microsoft's GitHub, confirms that it will be reducing its team size by 7% overall.

GitLab and GitHub both move to cut jobs

GitLab and GitHub both aim to protect themselves for future growth, while Microsoft has reportedly cut 120 jobs from its Irish operations.

Microsoft, GitLab and others latest to make job cuts

Microsoft, GitLab and others latest to make job cuts
theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.

GitLab to reduce workforce by 7%

The developer operations (DevOps) giant, GitLab, is the latest tech company to announce a round of layoffs. It was revealed today that the company is downsizing its workforce by 7 per cent.So far, it has been a difficult year for the technology industry, with most of the big tech companies announcing staff layoffs and cost cuts amid unpredictable macro economic factors and the possibility of recession. These companies include Microsoft, Alphabet Inc and Salesforce among others. Similar to all these companies, GitLab has also decided to layoff employees due to the economic climate, and particularly because its customers have considerably reduced their own software spending.

An announcement from GitLab CEO Sid Sijbrandij

An announcement from GitLab CEO Sid Sijbrandij
gitlab.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gitlab.com Daily Mail and Mail on Sunday newspapers.

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