Microsoft plans to open a fourth data centre in Hyderabad by 2025, adding to its existing three data centres, one each in Mumbai, Pune and Chennai. They believe most major US companies will see rationalisation of workforces and that future hiring would reflect the real demand for talent, and would not be driven by irrational growth trends and overheated funding markets.ĭuring his recent visit to India, Microsoft chairman and CEO Satya Nadella said the company is investing in building data centres in India to build solutions in India for the world.
Microsoft, which follows a July-June fiscal year, said the reduction of 5% of its workforce will take place through the end of Q3 FY23.Įxperts also feel that the layoffs have now created a correction in the job market.
Other large corporations are clamping down on fresh hiring as they ready themselves for the slowdown. Globally, several technology firms including Meta, Twitter, Salesforce and Amazon have announced layoffs in large numbers amid the possibility of an economic recession and high inflation. Moody’s affirms ratings of TCS, Infosys with stable outlookĪlso read: Micro sector should become the key employment generator in the country: Report
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