Windows creator Axios said that like every other company it makes structural adjustments and evaluates business priorities. Microsoft also stated that it would keep funding its operations and hiring staff in crucial growth industries. In order to slow down, several major tech businesses have chosen to either halt hiring or make employment cuts. According to Bloomberg, he declared that in order to reduce costs, the company would halt hiring and reorganise some units. Snap CEO Evan Spiegel stated in a message to the staff that it has become apparent that the company must cut costs in order to prevent "inflicting severe continuous losses."

Source: dna October 19, 2022 15:37 UTC