Big tech companies continue job microcuts to control costs, WSJ says

After the mass layoffs in late 2022 and early 2023, Amazon (AMZN), Google (GOOG;GOOGL), Microsoft (MSFT), and Meta (META) continue to make small employee cuts to keep tight control on costs, Katherine Bindley and Preetika Rana of The Wall Street Journal report. These cuts suggest a new era for an industry that for years grew with little to no restraint, an era where these companies are now focusing on efficiency and emphasizing shareholder value and healthy margins.