Lately, times have been challenging for the world economy because of high inflation rates, high-interest rates, and businesses slowing down. Many companies have laid off their employees last year because of unstable economic conditions all over the world.
Amazon, Twitter, Facebook, Tesla, etc have laid off thousands of employees and cut down their workforce.
Now one of the leading tech companies, Microsoft has announced to cut down its workforce and lay off 10,000 workers. It will affect up to 5% of its global workforce and cost the business $1.2bn in severance and reorganization costs.
Microsoft’s business bloomed during the pandemic because of high-intensity remote work and other online activities. However, after the pandemic, the company only hired 40,000 showing a decline in workforce.
Published by Shoaib Shahram
Syed Shoaib Shahram, Senior Journalist with over two decades of experience, in Print, Electronic & Digital Media, invites you on a captivating journey through the world of media. Shoaib has shaped the narrative of his profession, reaching extraordinary heights.
Embarked on a remarkable career at PTV. Played a pivotal role in portraying a soft image of Pakistan globally, working alongside former President Pervez Musharraf & esteemed professionals from the USA.
Garnered numerous awards, including the prestigious Journalist of the Year accolade in 2021.
Shoaib career is an opulent odyssey of excellence and innovation that continues to captivate and inspire. Subscribe to our channel and explore the world of media, journalism, and digital storytelling!
View more posts
