Microsoft Laying Off 10,000 Employees

Big Tech Layoffs Not Seen since the dot-com bust

[Sgt_Kickaxe]

Despite investing Billions into AI, Microsoft announced they are firing 10,000 Employees. [reuters.com...]

Overall, in 2022, more than 97,000 job cuts in tech were announced, the highest for the sector since 2002, when 131,000 cuts were announced, according to outplacement firm Challenger, Gray & Christmas.

"We haven't seen this activity since the dot-com bust," said Andrew Challenger, the company's senior vice president.

Many recent big tech layoffs had worked in their company since the dot-com bust, which is over 20 years. It's a reminder that we all work to get paid and there is no "family" or 'loyalty' when working in big tech anymore.