Big Techs recent hiring splurge will make cutting costs even harder

News Summary

  • As Big Tech companies shift from growth to belt tightening, they will have to reckon with just how many employees they've hired since the pandemic began.
  • Between the lines: In some cases, those growth numbers include acquisitions, such as Google's acquisition of Mandiant or Microsoft's purchase of Nuance, which also bring added revenue.
Data Company earnings reports; Chart Thomas Oide/AxiosIn just the past year, Microsoft, Facebook and Google parent Alphabet have all seen their headcount rise by upwards of 20%. As Big Tech compa [+3045 chars]