Oracle, Meta, Alphabet and Microsoft cut 60,886 jobs; estimated wages for those roles equal 16 days of their data centre spending
Key points
- The four firms have collectively cut 60,886 jobs
- Estimated annual wages for those roles equal 16 days of the four firms' combined data centre and equipment spending
- The report says investment is increasingly shifting toward computing infrastructure
Tekedia reports that Oracle, Meta, Alphabet and Microsoft have collectively cut 60,886 jobs. The estimated annual wages for those roles equal just 16 days of the four firms' combined data centre and equipment spending. The report says infrastructure investment is increasingly taking precedence over workforce expansion.
Original report: Tekedia ↗Edited with AI assistance. Facts are based on official sources and original reports.