New Delhi: As fears of recession gripped companies across the globe, some firms are reportedly mulling to freeze hiring and beginning layoffs. Companies including Microsoft, Google, Apple, Amazon and others have decided to limit their expenses. While Google is discontinuing hiring for the next two weeks, iPhone maker Apple has decided to curb vacancies at sure divisions. In business concern term, a recession is a significant refuse in economical activity that lasts for months or even years. For 2022, recession fears are on the rise casting a long shadow over prospects for global economies and markets in the second one-half of the year.Also Read - Microsoft Teams Downwards, Memes On Corporate Workers Celebrating Goes Viral

Have a look at the list of companies that are trimming jobs and freezing hiring.

Microsoft: Satya Nadella'southward Microsoft became the first tech giant to lay off employees as function of a 'realignment'. The layoffs at Microsoft reportedly touch on nearly 1 per cent of its 1,lxxx,000-strong workforce across its offices and product divisions. Microsoft has likewise slowed hiring in the Windows, Teams and Role groups.

Apple Inc: Owing to tough global macroeconomic atmospheric condition, Apple tree is planning to slow down hiring for 2023. The hiring changes at Apple volition non touch on all the teams but some verticals will run across decreased hiring activities adjacent year, according to Bloomberg. The company is likely non to backfill some positions too, the report noted tardily on Monday. Apple is probable to release its much-anticipated augmented reality (AR)-mixed reality (MR) headset in January side by side year, as the buzz effectually metaverse gains steam.

Sundar pichai CEO Google

Google: Google CEO Sundar Pichai has informed staff about a hiring slowdown this yr. In an internal memo, Pichai wrote to employees, that the visitor volition "demand to be more than entrepreneurial" and piece of work with "greater urgency, sharper focus, and more than hunger than nosotros've shown on sunnier days."

Facebook:Meta (formerly Facebook) has warned employees of "serious times" and has issued a hiring freeze for certain roles. A report in Busines standard claimed that CEO Mark Zuckerberg told employees that he'southward anticipating one of the worst downturns in contempo history. For the unversed, the company had more than 77,800 employees at the end of March.

Netflix Loses Nearly 1 Million Subscribers In 2nd Quarter; Aims To Launch Cheaper, Ad-Supported Plan Soon

Netflix Loses Nearly i Million Subscribers In 2d Quarter; Aims To Launch Cheaper, Ad-Supported Plan Soon

Netflix: Popular video streaming platform Netflix has terminated several employees recently. Recently, it has shown the exit door to an boosted 300 employees in the second round of layoffs. Several tiptop-notch creative professionals from its original serial vertical, such as Sebastian Gibbs and Negin Salmasi, were asked to leave.

Twitter:Twitter has cutting xxx% of its recruiting team while Elon Musk-run Tesla has been laying off hundreds of employees. Other tech companies that have slowed hiring include Nvidia, Snap, Uber, Spotify, Intel and Salesforce, among others.  Cloud major Oracle recently considered laying off thousands of workers to save up to $ane billion in cost-cutting measures, the media reported.