These tech giants are still making money, but layoffs are coming hard and fast

From the U.S. to Europe and Asia, planetary tech giants from Microsoft and Google, to Amazon, SAP and much person laid disconnected thousands of employees since the commencement of the year.

That's contempt astir of these companies being profitable.

"Headcount simplification is simply a effect of implicit hiring during the pandemic and a slower maturation outlook than primitively forecasted," according to a study by fiscal services institution Jefferies.

With involvement rates and ostentation remaining elevated, consumers are pulling backmost spending amid uncertainty successful the planetary economy.

As a result, companies "need to trim headcount successful bid to regain operating ratio with a headcount that matches existent request trends," the analysts astatine Jefferies said.

With involvement rates rising, superior has go much costly and companies started reining successful their headcount costs.

"Particularly for startups, the surge successful employment was partially fueled by inexpensive capital," wrote a Bank of America Global Research report.

Here are immoderate of the much salient planetary tech firms that person axed unit contempt earning large money.

Microsoft posted a nett net of $16.4 billion for the 4th ended Dec. 31, down 8% from a twelvemonth ago. Its unreality concern drove results, with Microsoft Cloud gross astatine $27.1 billion, up 22% year-over-year.

The steadfast besides delivered "record results" successful fiscal twelvemonth 2022 ended Jun. 30 despite a "dynamic environment," CEO Satya Nadella said successful the tech giant's annual report.

"We reported $198 cardinal successful gross and $83 cardinal successful operating income. And the Microsoft Cloud surpassed $100 cardinal successful annualized gross for the archetypal time," helium said successful the fiscal twelvemonth 2022 report.

Despite that, Microsoft announced successful January that it's laying disconnected 10,000 workers arsenic the steadfast braces for slower gross growth.

Google genitor Alphabet announced successful January it volition beryllium cutting 12,000 workers.

The institution missed connected net and gross successful the 4th quarter, but managed to eke retired a 1% year-on-year gross maturation for the 4th ended December.

CFO Ruth Porat said during the net telephone that Alphabet added 3,455 radical during the quarter, astir of them method roles.

She besides told CNBC's Deirdre Bosa the institution is meaningfully slowing the gait of hiring successful a bid to present profitable maturation successful the longer run.

"Over the past 2 years we've seen periods of melodramatic growth. To lucifer and substance that growth, we hired for a antithetic economical world than the 1 we look today," said CEO Sundar Pichai, successful a memo to staff.

Germany's SAP said it met guidance crossed the board for afloat twelvemonth 2022, with unreality gross expanding 24% from a twelvemonth ago. The endeavor bundle institution besides returned to affirmative operating nett maturation of 2%.

However, SAP announced successful January that it's cutting up to 3,000 jobs, arsenic the enactment seeks to steer the institution toward double-digit nett maturation successful 2023.

Singapore-based tech elephantine Sea Group reported net income of $422.8 cardinal successful the 4th fourth of 2022 — the company's archetypal quarterly nett since it started successful 2019.

Days later, the Indonesian portion of Sea's e-commerce limb Shopee conducted a caller circular of layoffs, affecting little than 500 full-time and contractual employees, according to media reports.

Last year, the institution reportedly already chopped much than 7,000 jobs — oregon astir 10% of its workforce.

Other tech firms successful Asia person not been spared either.

Indonesia's GoTo Group, Singapore's Sea Group, Carousell, Foodpanda and South Korea's Naver and Kakao are immoderate of the companies that person chopped employees successful the past fewer months.

The headcount simplification was conducted successful an effort to "stay up of downturn impacts," co-COO Jeff Clarke said successful a memo to employees.

While fiscal twelvemonth 2023 gross improved, Dell's operating income dipped 26% to $1.18 cardinal successful the 4th fourth of fiscal twelvemonth 2023 arsenic request for PCs and laptops slowed globally.

Apple has dodged wide layoffs truthful far, having hired astatine a slower gait than Google, Amazon, Microsoft and Meta.

But the iPhone-maker is besides seen tightening its belt.

The institution reportedly delayed bonuses for immoderate employees and constricted hiring successful March. Apple fto spell of declaration unit successful August, according to a Bloomberg report.

The iPhone maker missed expectations for revenue, profit, and income for respective lines of concern successful the archetypal 4th of fiscal year 2023 which ended Dec. 31 past year.

CEO Tim Cook blamed it connected a strong dollar, accumulation disruptions successful China, and macro headwinds.

This is not exhaustive list.