US technology giants have announced layoffs, US media: American technology stock aura has faded

Author:Global Times Time:2022.07.14

[Global Times Comprehensive Report] "During the increasingly uncertain period of the economy, Microsoft became the latest large American technology company preparing for layoffs." Yahoo Financial website reported on the 12th that although Microsoft claims that the number of employees will be increased in the future, as of June, it will be as of June. After the end of the fiscal year on the 30th, Microsoft stated that it was "re -adjusting the business team and role", and some employees' positions were canceled for "corporate strategic adjustment". On the day, Microsoft's stock price fell by more than 4%.

According to reports, the layoffs will affect about 1%of Microsoft's 180,000 employees, involving customer and partner solution departments, as well as teams including the consulting department. Earlier, Microsoft slowed down multiple team recruitment plans. "We have performed a small number of positions. Like all companies, we regularly evaluate the business priority and perform structural adjustments accordingly," Microsoft said in an email statement.

The Microsoft report shows that its revenue in the previous quarter was strong, with revenue increased by 26%year -on -year, with a total revenue of $ 49.4 billion. However, in early June, the company lowered the revenue and revenue guidance in the next quarter on the grounds of the influence of foreign exchange fluctuations.

Bloomberg said that Microsoft usually announced layoffs shortly after the July 4th holiday in the United States because it has to make changes to the new fiscal year.

In the past few months, as investors have evacuated from the capital market, the US science and technology industry's layoffs have been accelerated. Start -up companies, especially those engaged in capital -intensive businesses, such as takeaway distribution and fintech industries, are having to bear the impact. Quick delivery startup Gopuff recently told investors that in the case of increasing concern about the economy, it will reduce the employees of 10%, that is, about 1,500 employees.

With the persistence signal of economic persistence, the US scientific and technological giants seem to have a chain reaction in layoffs. Yahoo Finance reported that Oracle Corporation is considering a cost reduction plan of $ 1 billion, including thousands of people. In addition to Microsoft and Oracle, Twitter also cut 1/3 of the recruitment team last week, and at the same time canceled the logistics service outsourcing contract of its Silicon Valley headquarters, which will cause hundreds of workers from outsourcing companies to lose their jobs. Google's parent company Alphabet CEO Picchai said in an email that Google plans to slow down recruitment in the remaining time this year.

On the 12th, Tesla's San Matto cut off 229 employees in California, and the document showed that Tesla would permanently close the branch of the area. The employees here mainly develop the Autopilot Autonomous Driving Assistance System. Tesla fired hundreds of employees in the past month. Tesla CEO Musk once told the executive that he felt very bad about the economic situation, and the company needs to lay off 10%.

According to reports, the senior management of META, the parent company of Facebook, recently asked managers to submit the name of "poor performance" to the company's internal performance improvement plan, which shows that the company will reduce employees without forming formal layoffs. CEO Mark Zuckerberg believes that Meta is in "one of the worst downturn."

In the past few months, Nvidia, Lyft, Snap, Uber, Spotify, Intel and Salesforce and other US listed technology companies have also slowed down their recruitment or directly announced layoffs. The Fed's radical rate hike measures increase the risk of economic recession and reduce investors' interest in growth stocks. Microsoft and Google's stock prices have fallen by more than 20%since the beginning of this year, and the Wall Street Journal believes that American technology stock halo has faded. (Wang Huicong)

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