Tech Layoffs – February 2023 Update
The beginning of 2023 brought a wave of tech layoffs. Per our previous blog – Here is an updated list of companies that have conducted layoffs or plan to in February 2023.
Announced on February 9, 20% of the companies staff, which is roughly 1,600 employees have been laid off. This move is aiming to structurally change the companies advertising unit and reallocate its finances.
On February 10th, Microsoft announced that it is cutting employees working for its industrial metaverse team and closing that unit – Impacting over 100 employees. This decision came as a surprise because Microsoft had recently made the move to expand efforts to its augmented reality and metaverse initiatives. The main employees getting laid off are working on its HoloLens, Surface Laptops and Xbox products.
Announced the cut of 1,300 employees (roughly 15% of its staff) on February 7th. Additionally, Zoom said they will be making changes in the overall team structure and leadership teams will be taking pay cuts.
Announced 6,650, or 5% of it’s worldwide employees have been laid off. This is due to the declining PC sales and infrastructure requirements. Co- COO Jeff Clarke also stated the company will be introducing structural changes to the sales teams.
Announced on February 2nd that an additional 150 employees have been laid off – This is the second wave of employees being laid off within weeks of the first round in late December of 2022.
Announced on February 9th that 10% of its staff will be laid off throughout the end of the companies fiscal year. Prior to this announcement, GitHub had roughly 3,000 employees. The remaining staff are being sent to remote work in order to safeguard the company’s financial stability. These layoffs happened roughly a month after the company issued a hiring freeze.
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