Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images(NEW YORK) Companies across the tech industry have announced layoffs, affecting thousands of
Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images(NEW YORK) Companies across the tech industry have announced layoffs, affecting thousands of workers in the first few weeks of 2023. Sales at top tech firms have retreated from the blistering pace attained during the pandemic, when billions across the world were forced into isolation. Customers stuck at home came to rely on delivery services like e-commerce and virtual connections formed through social media and videoconferencing. Company officials have often cited economic uncertainty and fears of a recession in their job-cutting, cost-cutting decisions. It follows a volatile 2022, which was also marred with layoffs by the thousands across major tech brands. SAP SAP, the biggest software company in Europe, will lay off 2.5% of its global workforce, which amounts to about 2,800 employees, an earnings report on Thursday showed. The move, which the company described as a "targeted restructuring," will cost between 250
Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images(NEW YORK) Companies across the tech industry have announced layoffs, affecting thousands of workers in the first few weeks of 2023. Company officials have often cited economic uncertainty and fears of a recession in their job-cutting, cost-cutting decisions. It follows a volatile 2022, which was also marred with layoffs by the thousands across major tech brands. Google Alphabet Inc., the parent company of Google, said it will cut roughly 12,000 jobs from its global workforce on Friday, Jan. 20. The decision will impact approximately 6% of the company's employees. "This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with," said Google's CEO Sundar Pichai in an email to Google employees on Friday morning. "I'm deeply sorry for that. The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsi
(NEW YORK) Companies across the tech industry have announced layoffs, affecting thousands of workers in the first few weeks of 2023. Company officials have often cited economic uncertainty and fears of a recession in their job-cutting, cost-cutting decisions. It follows a volatile 2022, which was also marred with layoffs by the thousands across major