Microsoft-owned GitHub has announced to lay off 10 percent of its staff by FY23; the company has also announced to close all of its offices to work fully remotely. GitHub CEO Thomas Dohmke, said; “Today, we are announcing a number of difficult decisions, including saying goodbye to some Hubbers and enacting new budgetary realignments, designed to protect the short-term health of our business while also granting us the capacity to invest in our long-term strategy.”
GitHub to go Fully Remote
In order to improve the efficacy, the company has also decided to go fully remote and close all of its offices before the lease ends. “We are seeing very low utilization rates in our offices around the world, and this decision is a testament to the success of our long-standing remote-first culture,” Dohmke said.
The open-source developer platform has reached 100 million members globally; the software firm is the latest to join several Bay Area tech companies to lay off its staff in order to combat the economic conditions that have taken the world by storm resulting in job and pay cuts. Dhomke said; “I want to extend my deepest gratitude to every single Hubber and their incredible talents that have helped GitHub grow to where we are today. Every commit you have made and every day you have worked has helped construct GitHub into the largest and most important software development platform.”
Yahoo to Lay off 20% of Its Staff
Yahoo has also planned to lay off 20% of its workforce as part of a major restructuring of its ad tech division. “These decisions are never easy, but we believe these changes will simplify and strengthen our advertising business for the long run, while enabling Yahoo to deliver better value to our customers and partners,” said Yahoo’s spokesperson in a statement.
Also read: Employee Says He Was Shocked To Learn His Layoff News Despite His 11 Years of Service at Google
