Microsoft Cuts Job Openings as Big Tech Worries About U.S. Economy

[areyentiraidhi]

 

Microsoft has cut an unspecified number of job openings, mirroring the broader tech sector as the industry braces for a slowdown in the economy, according to a new report from Bloomberg News. Cuts affected parts of the company like the Azure cloud division and security software, but Microsoft has declined to put a number to the cutback in job openings.

 

Apple, Google, and Github have also cut back on job offers recently, with Google pausing all hiring at the company for a full two weeks, according to a story that broke this week in The Information. Google will still honor any offers already made for jobs, unlike crypto companies like Coinbase, which recently yanked existing job offers during the most recent cryptocurrency crash.

Related Stories

Mutants are Coming to the MCU, But Where Does Krakoa Fit In?

Watch NowThe Absolute Worst Apocalypse Bunkers in Science Fiction

Hawaii's Lava Caves Are Teeming With Bacterial 'Dark Matter'

Microsoft did not immediately respond to Gizmodo’s request for comment early Thursday but gave Bloomberg the kind of corporate-speak statement we’ve come to expect from virtually any major tech firm during a potential disruption, saying it was, “making sure the right resources are aligned to the right opportunity,” and that it will, “continue to grow headcount in the year ahead.”

While some indicators for the U.S. economy are looking good, such as incredibly low unemployment, there are other factors making corporate America nervous. Inflation is at a 40-year high of 9.1%, and the Federal Reserve is likely to further increase interest rates dramatically in order to slow both inflation and wage growth, effectively manufacturing a recession to get both things lower.

One of the only huge tech companies that doesn’t appear to be slowing down hiring is Amazon, but that company has previously struggled with keeping people in its notoriously toxic work environments. In fact, Amazon’s attrition is so bad it may run out of warehouse workers to hire in the U.S. by 2024, according to a leaked internal study.

Promoted content

NERD WALLET

Top 6 Cards If You Have Excellent Credit

LEARN MORE

Microsoft may be slowing hiring, but at least it’s not so hated by workers that it’s in danger of running through the entire U.S. workforce in just a few years. You gotta look at the bright side sometimes.

 

https://gizmodo.com/microsoft-cuts-jobs-as-big-tech-worries-about-economy-1849290066

[krishnaaa]

Cut back in job ope instead is good news.

They aren't laying off.