Tech job bonfire rages on as Microsoft, GitLab and others join in — Hundreds of thousands of techies looking for work, with ultimate cost to vendors not yet tallied

TL;DR

It was another bad week for tech professionals amid further bloodletting by an industry feeling the squeeze of inflation and higher interest rates as Microsoft, Zoom and Yahoo all dished out the pink slips. 5 percent or about 10,000 heads from its workforce, has today started to make redundant people operating in its Surface, HoloLens and Xbox teams. For those not keeping up, 90 percent of Yahoo was sold by Verizon to Apollo Global Management in September 2021

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