Tuesday 31 January 2023
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business-standard - 6 days ago

Biden understands first-hand impact layoff can have on family: White House

US President Joe Biden understands first-hand the crushing impact of losing a job can have on a family, the White House has said, amid the massive layoffs by major tech companies like Google, Amazon, Microsoft and Facebook that have rendered thousands of Indian-American IT professionals jobless. On January 20, Google axed 12,000 jobs across the globe, its CEO Sundar Pichai announced, becoming the latest tech giant after Microsoft, Facebook and Amazon to retrench staff en mass amid the global economic downturn. Last week, Microsoft announced 10,000 job cuts, or nearly 5 per cent of its workforce. Amazon is also cutting 18,000 jobs and Facebook parent Meta was trimming 11,000 positions. The bloodbath in the tech sector that began last year is continuing into 2023. The President understands first-hand how the impact of losing a job can have on a family. He understands that very personally, White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on .


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