- 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.
If You Invested $1,000 In Meta Platforms And Twitter When They Banned Donald Trump, Here’s How Much You’d Have Now
Former President Donald Trump was banned from several social media platforms in the wake of the Jan. 6, 2021 attack on the U.S. Capitol.
Here’s a look at what’s next for Trump in the social media world and how investors would have done investing in social media stocks that banned the former president.
