Financial analysts expect the pace of job cuts to increase across big tech as the effects of surging inflation globally hurt appetite for big investments.
Microsoft has admitted"structural adjustments" in the wake of a report suggesting the US tech firm had cut around 1,000 jobs this week.
Big tech had been a big winner during the COVID pandemic as investor cash flooded into stocks which supported working from home and a new hybrid working future, for example. But the tech stocks soon came under pressure as consumer and business budgets were squeezed by the pace of price rises globally.
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