- Microsoft Corp (NASDAQ:MSFT) developer platform GitHub laid off its entire engineering team in India virtually.
- Github has eliminated over 100 jobs in the South Asian market, TechCrunch reports citing familiar sources.
- GitHub notified the employees about the job cut on Tuesday.
- Also Read: Meta Prepares To Let 10K Employees Go, Flatten Organizational Structure, Cut Back On Non-Priority Projects
- Gergely Orosz, a former software engineer who runs a popular newsletter, Pragmatic Engineer, first tweeted about the downsizing.
- A GitHub spokesperson told TechCrunch that the layoff is part of its streamlining effort disclosed in February.
- GitHub said earlier that it would cut roughly 10% of its workforce by the quarter ending in March.
- In January, Microsoft confirmed it is reducing its headcount by roughly 10,000 employees, equating to 4% – 5% of the total headcount.
- Price Action: MSFT shares traded lower by 0.35% at $275.41 premarket on the last check Tuesday.
- Benzinga now provides actionable financial news and trading ideas for the Indian financial markets on in.benzinga.com.
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