"Nine months into his job search, he's at risk of losing his home. "I had savings, and I've depleted almost all of it," said Khan, who's in his 50s and based in Texas. "I'm in a very tight spot." A new job could stabilize his finances - but despite a five-year run at Microsoft and his prior experience in the tech industry, even landing interviews has been challenging. "It feels like recruiters are looking for Superman," he said."
"In recent years, Big Tech firms - including Microsoft, Google, Meta, and Amazon - have revamped their performance review and compensation systems to better reward top performers and weed out underperformers in pursuit of smaller, higher-performing teams. Then there are the layoffs. After cutting about 6,000 jobs in May, Microsoft laid off roughly 9,000 more in July. A Microsoft spokesperson previously told Business Insider that the company was focused on reducing management layers and streamlining processes."
A former Microsoft cloud solution architect is nine months into a job search and close to losing his home after exhausting savings. Large tech employers have pursued layoffs and organizational changes aimed at rewarding top performers and reducing management layers, affecting both managers and individual contributors. Microsoft cut thousands of roles across multiple rounds, and other companies including Google, Intel, Amazon, and Walmart are reducing manager counts in a "Great Flattening" trend. Global tech layoffs have exceeded 80,000 this year amid a broader white-collar hiring slowdown, leaving many experienced workers struggling to secure new positions.
Read at Business Insider
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