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Wednesday Feb 08, 2023

IBM Layoffs 2023 | After Google, Microsoft and Ford, large scale layoffs will happen in IBM, company will take out 3900 employees


IBM, NSDC tie up to provide free digital skills training

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New Delhi : On the occasion of New Year, Google (Google) and Microsoft (Microsoft) had announced to shut down one of their services and products forever in January 2023 itself. Earlier, many giant companies like Amazon and Meta have done layoffs in their company on a large scale. At the same time, after the American carmaker Ford Layoffs, IBM has also joined this list of layoffs.

Due to the ongoing recession in the market, the process of retrenchment of employees in tech companies is not taking the name of stopping. Recently, many big tech companies have fired a large number of their employees for different reasons. So on the other hand, if we talk about the American company IBM, then this company has taken a big step on Wednesday.

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Thousands of employees will be out

Actually, this company has announced the layoffs of 3 thousand 900 employees (IBM Layoffs). Let us tell you that the effect of this decision of the company is also big on its stock. Because IBM shares fell up to 2% after the company announced layoffs. Not only this, the company’s stock closed at the level of 140.76 with a loss of 0.52% at the end of yesterday’s trading.

Why was the decision taken?

According to media reports, the company also told that this major decision has been taken after not being able to achieve revenue and its annual cash target in the fourth quarter results. Under which there will be retrenchment on such a large scale.



Microsoft Layoffs 2023 | Microsoft will lay off on a large scale, 11000 employees will get ‘pink’ slips today


microsoft

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New Delhi. According to the big news coming from the field of business and employment, Microsoft, the world’s number one software company, is going to lay off thousands of employees today. According to the information of private news agency Reuters, citing Sky News on the matter, Microsoft will sack 5% of its workforce or say around 11000 employees today.

There were layoffs last year as well

Significantly, in the last few days, there have been continuous reports of retrenchment of employees. Now the name of a giant company like Microsoft has also been added to this list. According to the information received, this is going to be the biggest layoff of the company so far. Last year also during the Corona period, Microsoft had laid off 1%. That is, in October last year, the company had taken out about 1000 employees. The consultant and customer and partner solutions departments were then hit by layoffs.

reason for layoff

On the other hand, if the Reuters report is to be believed on the matter, in fact, Microsoft is under heavy pressure regarding its cloud unit Azure. Due to the prolonged decline in the personal computer market, the company is also suffering a lot in sales of Windows and devices. According to another report, as of June 30, 2022, the company had 2,21,000 full-time employees, of which 1, 22,000 were serving in the United States and 99,000 in other countries of the world.

Be aware that in the first 6 days of January this year, a total of 30,611 people from 30 private companies have been fired like this. This includes, apart from Amazon, video hosting platform Vimeo, tech giant Salesforce, crypto exchange Huobi and several other large companies. At the same time, this move of Microsoft now indicates that there will be a shortage in technical sector jobs as well.



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