Microsoft said it plans to eliminate 10,000 jobs in response to the global economic slowdown, its largest cuts in more than eight years. Earlier this month, Amazon.com Inc. said that its round of layoffs would affect 18,000 roles. Microsoft shares lost 1.9% Wednesday. Read More...
Bloomberg
Google Slashes Most Jobs at Area 120 Incubator as Part of Cuts
(Bloomberg) — Alphabet Inc.’s Google has cut most of the jobs at Area 120, its in-house incubator for new projects, as part of a broad wave of layoffs across the company.Most Read from BloombergHolmes Belongs in Prison, Not $13,000-a-Month Manor, US SaysGoogle to Cut 12,000 Jobs in 6% Reduction of Global WorkforceMore Young Americans Are Dying, But Not From VaccinesGoogle Staff Anxiety Runs High After 12,000 Colleagues CutStocks Bounce Thanks to Tech Rally, Fed Comments: Markets WrapThree proje
