Microsoft: Biggest layoff in Microsoft, tech companies fired 30611 employees in six days.
Fearing a global recession, technology companies around the world are laying off people on a large scale. Giant technology company Microsoft can also show the way out to five percent i.e. up to 11,000 employees. This is considered to be the biggest layoff ever in Microsoft. The company has also laid off 1,000 workers in July. Microsoft CEO Satya Nadella said that today we are making such changes, which are challenging for the person associated with us. The employees to be fired have been notified. Some of these have been removed with immediate effect. The move will save the company about $1.2 billion.
Meanwhile, various reports have said that the new year has started on a bad note in terms of jobs. Other companies including Amazon have fired 30,611 people in the first six days of January. ShareChat has also announced 20 per cent layoffs.
Compensation to affected workers
Microsoft said that the affected employees will be provided with health-related facilities for six months along with payment of compensation. Also, they will be given notice of termination two months in advance.
More danger ahead
Another round of layoffs at Microsoft suggests that things are not getting better, Reuters reported, citing Morningstar analyst Dan Romanoff. The technology sector is not going to stand still anytime soon. Things will get worse in terms of jobs.
Microsoft had around 2.21 lakh employees as of June 30, 2022. Of these, 1.22 lakh employees are employed in the US, while 99,000 are in other countries including India.
Recruitment decreased by 97 percent in top-4 domestic companies including TCS
There has been a decline of 97 per cent in recruitment in the country’s four largest technology companies TCS, Wipro, Infosys and HCL Tech. According to the report, the four companies added 1,940 employees on a net basis in the December quarter of 2022-23. This is the lowest recruitment in the last 11 quarters. In the same quarter of 2021-22, these four companies had given jobs to 61,137 people. Compared to the second quarter of the current financial year, recruitment has decreased by 94 percent.
By December 2022, the number of TCS employees has decreased by 2,197. During this period the attrition rate of the company also came down to 21.3%.
Wipro’s attrition rate came down to 21.2%. At the same time, the attrition rate of Infosys came down to 24.3% and that of HCL to 21.7%.
