Big Tech groups disclose $10 billion in charges from job culls and cost cuts

Found 51 days ago at Arstechnica

Amazon, Meta, Alphabet, and Microsoft will collectively incur more than $10 billion in charges related to mass redundancies, real estate, and other cost saving measures, as the Big Tech companies reveal the hefty price they incur to rein in spending. The US companies that have been implementing the largest job cuts in the tech sector disclosed the high costs related to their restructuring efforts...

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