In the News
Human Resource Management | Big Tech Cuts Back
Potentially bad news if you are working for a large tech business. Their HR departments are busy. Busy making significant reductions in the size of the workforce.
Several examples here of technology-focused multinationals making large-scale redundancies:
Spotify is looking to improve its efficiency by cutting its workforce of 10,000 people by 6%.
Microsoft also has 10,000 employees worldwide, but is looking to lose 5% of them.
Alphabet (the owner of Google and YouTube) is aiming for a workforce reduction of 6% from its 12,000 employees.
The pandemic was generally good news for the businesses above, as businesses and individuals migrated to home-based working and invested heavily in mobile technology.
However, as demand cools, the Big Tech firms need to focus on their overall efficiency.
And the best way to cut fixed costs is to cut people.