Satya Nadella, CEO of Microsoft, has announced plans to cut 10,000 jobs, amounting to 5% of the company's workforce.Sean Gallup/Getty Images Major tech firms including Google, Meta, and Amazon, have recently laid off staff. But layoffs take the sheen off big tech firms' brand image, experts told Insider. Not only do the cuts hurt their reputations as employers, they also dent morale and innovation. Tech firms that are slashing jobs and laying off staff are making a "major mistake" because future job candidates will remember how those organizations managed amid economic uncertainty and how they treated employees as they showed them the door, tech and strategy execs say.
The Tech Firms That Are Laying Off Workers Will Regret It Because The Cuts Can Leave Lasting Damage
sbhaimiya@insider.com (Sawdah Bhaimiya,Rebecca Knight), Business Insider
Tue, 01/31/2023 - 2:47pm
Topics: you or said denicola. satya nadella microsoft sean gallup/getty images major big tech amazon salesforce spotify veeam harvard business review shows richard mabey november ceo google meta amazon insider tech allan juro workers cuts employees layoffs company people future brand jobs told remember employers cash cases hurt experts morale job years sheen staff money short-term approach dent door added agreed message loss true mass strength talent resources number workforce
BING NEWS:
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Following rumors, Meta confirms that it is laying off 10,000 ... the company said that the cuts were part of its ‘normal business process'. The layoffs leave the company with around 5,000 ...
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