Delhi Chief Minister Arvind Kejriwal on Monday voiced his worries about the numerous job cuts at various tech firms and called on the Centre to evaluate the situation in the country and take appropriate steps. In recent times, several multinational firms have undergone layoffs, resulting in job losses in the United States and other countries.
"Many young people are losing their jobs in the IT Industry due to large-scale layoffs. The Central government must review the situation in the country and take appropriate measures," the Delhi chief minister said in a Hindi tweet.
Earlier this month, Microsoft CEO Satya Nadella said that the company will lay off 10,000 workers, about five per cent of its total workforce, terming it a hard choice the tech giant had to make to remain a "consequential company" amid global economic uncertainties. Microsoft is the latest firm after Facebook and Amazon to cut jobs as the bloodbath in the technology sector continues in 2023.
As companies look to rein in costs amid an economic downturn, tech giants such as Alphabet Inc, Amazon.com Inc and Microsoft Corp have all cut thousands of jobs.
In a letter to employees, Google CEO Sundar Pichai said that the company took a “rigorous review across product areas” to ensure that current roles are aligned with the company’s highest priorities.It remains unclear which department is most affected by the latest round of mass layoffs. In the first three weeks of January alone, Google parent Alphabet said it would eliminate 12,000 jobs, while Microsoft said it would eliminate 10,000. Amazon's layoff round will impact more than 18,000 roles. Prior to this, other tech companies such as Facebook-parent Meta and Elon Musk's Twitter had laid off thousands late last year.