It shrinks by 8 percent to 15.1 billion dollars. Profits, however, increased by three percent to almost 70 billion dollars. The cloud division is in the black for the first time.
TECHNOLOGY POWERING BUSINESS
layoffs
Mass Layoffs: End of the IT Skills Shortage?
Google, Amazon and Meta are laying off thousands of employees. Nevertheless, there is no relief in sight when it comes to the search for IT professionals.
Report: Meta Plans Further Job Cuts
The new wave of layoffs is expected to hit thousands of employees. CEO Mark Zuckerberg is making efficiency one of his company's goals for the current fiscal year.
Yahoo Reduces Number of Employees by 20 Percent
The wave of layoffs affects about 1000 employees. Yahoo is cutting jobs primarily in its ad technology division. CEO Jim Lanzone is holding on to the ad business itself.
Dell Also Announces Job Cuts
The wave of layoffs affects 6600 employees. Dell justifies the step with an "uncertain future".
How Do We Explain the Wave of Layoffs in the Technology Sector?
Amazon, Google, Meta and Microsoft have announced numerous redundancies. The oversizing of their workforces during the pandemic or the uncertainty generated by the war in Ukraine are some of the causes.
Amazon to Lay Off 10,000 Employees This Week
According to a media report, the cuts will primarily affect the company's appliance division and its retail and human resources departments. The wave of layoffs may affect up to three percent of the entire workforce.
Elon Musk Terminates Twitter Employees Via Email
This Friday, all Twitter offices will remain closed. Twitter speaks of a security measure. An internally circulated list speaks of 3788 people affected.
5 Measures Against the Impending Wave of Layoffs
Digital HR processes as well as comprehensive people management such as social recruiting, people analytics and diversity help against the wave of layoffs.