These tech giants are still making money, but layoffs are coming hard and fast
Publishing timestamp: 2023-03-23 23:54:52
Summary
Despite being profitable, many global tech giants have laid off thousands of employees since the start of the year, citing a slowdown in growth and economic uncertainties. Companies are reducing headcount to regain operating efficiency with headcount that matches current demand trends. Some of the prominent global tech firms that have axed staff include Microsoft, Google (Alphabet), Amazon, SAP, Sea Group, Dell, Apple, GoTo Group, Carousell, Foodpanda, Naver, and Kakao.
Sentiment: NEGATIVE
Tickers: GOOGL, AMZN, SAP-DE, AAPL, NHNCF, MSFT, .FKRX300, SE,
Keywords: earnings, amazon.com inc, apple inc, u.s. economy, naver corp, sea ltd, world economy, world markets, jobs, business news, microsoft corp, technology, alphabet inc,