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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

Explained: Why tech giants are laying off staff globally

Sundar Pichai Google Alphabet Microsoft Economy Twitter Inc. Inflation Layoffsfyi New Delhi Recession

NEW DELHI: The gloomy outlook for global economy in 2023 has pushed several tech firms and Wall Street titans to lay off staff across offices worldwide.

A string of tech companies like Microsoft, Twitter, Meta were already in the grasp of this layoff wave. On Friday, Google parent company Alphabet became the latest firm to join the list of IT giants to opt for job cuts.

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