Microsoft is slowing down hiring for its Office, Windows, and Teams groups to better prepare itself for the coming fiscal year and contend with the current economic environment. The micro-blogging platform had earlier announced halting most hiring processes across various divisions as part of a broader attempt to cut costs. Last month, Twitter announced the layoff of 30% of employees from its recruitment team amid the $44 billion takeover by Elon Musk.

The social media giant has 83,553 employees worldwide. Facebook's parent company is pausing or slowing down hiring for most mid-to-senior level positions after announcing a strategy to expand into the metaverse.

Unfavorable forex is expected to hurt year-over-year top-line growth by 6%. Meta expects total revenues between $26 billion and $28.5 billion for the third quarter of 2022. Meta is limiting its intake of new employees to cut costs due to weak revenue forecasts. Several tech companies recently announced hiring freezes and layoffs, such as Facebook’s parent company, Meta Platforms META, Twitter TWTR and Microsoft MSFT This development comes after IT companies, crypto exchanges and financial firms cut out jobs and slowed down the hiring process due to slow global economic growth caused by higher interest rates, rising inflation and an energy crisis in Europe. As of the end of June 2022, the social messaging and media company had 6,446 full-time employees, up 38% year over year. The company is also reportedly planning a wave of layoffs as part of broader cost-cutting efforts. Shares of the company have fallen 72.7% in the year-to-date period compared with the Zacks Internet-Software industry’s decline of 53.3% and the Zacks Computer and Technology sector’s decrease of 32.3% in the said time frame. SNAP second-quarter results reflected a decrease in advertising demand as advertisers continue to face supply-chain disruptions and labor shortages amid steady user growth. The 1-year high price for the company’s stock is recorded $2.0300 on 01/25/22, with the lowest value was $0.1721 for the same time period, recorded on 05/09/22.Snap Battles Poor Ad Revenues, Challenging Macro Environment had a pretty Dodgy run when it comes to the market performance. Rodriguez will continue to serve as Director of Finance for ShiftPixy until a replacement is found.

Carney’s resignation and appointed in his place ShiftPixy’s Director of Finance, Gabriel Rodriguez, to serve as AXH’s Treasurer and Chief Financial Officer, effective immediately. The Board of Directors of AXH has accepted Mr. (NYSE: AXH), the special purpose acquisition company, or “SPAC”, sponsored by the Company, as part of AXH’s transition from a SPAC to an operating company. Carney has resigned from his positions as Treasurer and Chief Financial Officer of Industrial Human Capital, Inc. Carney’s absence, the Company has promoted its Vice President of Accounting, Manuel Rivera, to the position of Treasurer and Acting Chief Financial Officer, also effective immediately. Carney has resigned the posts of Treasurer and Chief Financial Officer of the Company and its subsidiaries, effective immediately. (NASDAQ: PIXY) (“ShiftPixy” or the “Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced that its Board of Directors (the “Board”) has approved an agreement pursuant to which it will grant a leave of absence requested by its Treasurer and Chief Financial Officer, Domonic J. The stock touched a low price of $0.2506.Recently in News on May 24, 2022, ShiftPixy, Inc. At the very opening of the session, the stock price was $0.2506 and reached a high price of $0.2689, prior to closing the session it reached the value of $0.26. (PIXY) is priced at $0.26 after the most recent trading session.

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