Microsoft-Owned GitHub Said to Cut 10% of Staff, to Go Fully Remote

Seeking Alpha2023-02-10

GitHub, owned by Microsoft (NASDAQ:MSFT) is reportedly letting go 10% of its employee base and will become fully remote when its lease ends.

The layoffs and cost cutting were laid out in a memofrom CEO Thomas Dohmke to his staff, The Information reported, citing a person with knowledge of the situation.

Last month, Microsoft (MSFT) said it would let go 10,000 employees in its fiscal second-quarter and take a $1.2B charge related to the layoffs. In conjunction with the layoffs, Microsoft (MSFT) added it would initiate "lease consolidation as we create higher density across our workspaces."

GitHub competitor GitLab (GTLB) said Thursday morning that the company would lay off 7% of its employees due to a "tough" macroeconomic environment.

Earlier this week, Microsoft (MSFT) introduced an updated Bing search engine and Edge web browser using technology from OpenAI.

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Comments

tk321
2023-02-10
tk321
Hope the situation will stabilize without all the firing

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