WTF?! With a market cap of $1.18 trillion, Google is one of the biggest companies in the world, so one wouldn't expect some of its employees to share desks with co-workers. But that will become a reality starting from the next quarter as Google embraces "real estate efficiency."
In context: Working in the tech industry might not feel like the most secure profession right now, given the number of people being let go, but it still offers some of the best perks (and pay, usually). Microsoft, for example, is giving its US employees unlimited, fully paid time off.
The big picture: We are less than a week into the new year and the tech sector is already feeling the squeeze. According to Layoffs Tracker, a whopping 29,686 tech employees across 27 companies have been let go globally so far this month. For comparison, 17,074 tech workers lost their jobs in December 2022. Put another way, there have been nearly 74 percent more job cuts in the first several days of 2023 compared to all of last month.