Tech Layoffs: Top officials earning $1 million a year more vulnerable to job cuts

According to reports, at Google, the employees who were most affected included those who had recently received high performance reviews or held managerial positions with annual compensation packages of $500,000 to $1 million.

FPJ Web DeskUpdated: Monday, January 23, 2023, 05:50 PM IST
article-image
Tech Layoffs: Techies in higher positions earning up to $1 million a year most affected by Big Tech firm | Representative Image

With layoffs making headlines since the start of this year, reports show that senior executives earning up to $1 million annually were the most affected at Google, Microsoft, and Amazon.

Google

According to reports, at Google, the employees who were most affected included those who had recently received high performance reviews or held managerial positions with annual compensation packages of $500,000 to $1 million.

The 12,000 impacted employees belonged to every department, from Google Cloud and Chrome to Android and search related groups. It laid off people in strategy, recruiting, and go-to-market teams, as well. Even Alphabet's in-house research and development (R&D) division was significantly hit.

Microsoft

At Microsoft, game development studios like Halo were the biggest hits. Other cuts impacted its mixed-reality (MR) headset teams. The company also shut down AltspaceVR's virtual reality-based social platform, which it had acquired in 2017.

Amazon

Amazon's layoffs hit the devices and services division in addition to nearly 2,000 people let go in hardware chief Dave Limp's division, which is home to products like Alexa and Echo smart home devices.

A report by CNBC also claims that the layoffs included a "significant number" of employees working on the Prime Air drone delivery project. The tech giant will also shut down its charity donation programme, "AmazonSmile", as it failed to create the impact the company hoped for.

With inputs from IANS

(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Gold, silver prices fall in early trade

Gold, silver prices fall in early trade

Twitter will now share ad revenue with Blue Verified users: Musk

Twitter will now share ad revenue with Blue Verified users: Musk

Petrol, diesel prices, Feb 4: Check rates in Mumbai, Delhi, Chennai and other cities

Petrol, diesel prices, Feb 4: Check rates in Mumbai, Delhi, Chennai and other cities

US jury finds Elon Musk not liable in Tesla tweet trial

US jury finds Elon Musk not liable in Tesla tweet trial

Earnings 2023 LIVE: Indigo net profit jumps to Rs 1,422.61 cr; Paytm's losses narrow down to Rs...

Earnings 2023 LIVE: Indigo net profit jumps to Rs 1,422.61 cr; Paytm's losses narrow down to Rs...