Biden understands first-hand impact layoff can have on family: White House ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 47
US President Joe Biden understands first-hand the crushing impact of losing a job can have on a family, the White House has said, amid the massive layoffs by major tech companies like Google, Amazon, Microsoft and Facebook that have rendered thousands of Indian-American IT professionals jobless. On January 20, Google axed 12,000 jobs across the globe, its CEO Sundar Pichai announced, becoming the latest tech giant after Microsoft, Facebook and Amazon to retrench staff en mass amid the global economic downturn. Last week, Microsoft announced 10,000 job cuts, or nearly 5 per cent of its workforce. Amazon is also cutting 18,000 jobs and Facebook parent Meta was trimming 11,000 positions. The bl

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