Microsoft to Amazon: Job cuts continue in tech industry in 2023

The tech industry’s tough times are continuing in 2023 as well as more companies announce job cuts. The biggest name to join the list now includes Microsoft, which is reportedly planning to cut jobs in the engineering division. In India, too tech startups have continued with similar measures, with ShareChat being the latest to join the fray. Most technology companies blame the economic conditions for the crisis, though some companies have admitted that they hired too many people during the pandemic. There appears to be a correction of sorts taking place in the tech world, which was once seen as a lucrative industry. Let’s take a look at all the tech companies which have announced these measures and why.