Around the world, failing economies and hard times for tech companies are laying off thousands of workers. Meta, Amazon, Twitter and many more companies MicrosoftIt has been learned that 11,000 workers will be laid off.

According to Sky News, the company plans to cut 5 percent of its workforce. It has been reported that the vast majority of layoffs will be in engineering departments. Microsoft recently came forward with its $10 billion investment in ChatGPT, which has been talked about for weeks.

Falling demand continues to impact workers

Microsoft was the last company to announce layoffs due to declining demand and a deteriorating economy. Earlier in October, it was reported that Microsoft laid off as many as 1,000 employees across its various divisions.

These cuts affected less than 1 percent of the software giant’s workforce of more than 200,000. The company also stated in its statement in July that a small number of positions have been cut and that the number of employees will increase in the future.

Worldwide in the first week of 2023 More than 30,000 employees lost his job. This figure is almost equal to the number of layoffs in all of December 2022. double Let me also point it out. The data obtained showed that a total of 30,611 people from 30 companies were laid off in the first six days of January.