By ET Bureau - February 10, 2023 1 Mins Read
GitHub, a division of Microsoft Corp., and GitLab Inc., a rival publicly traded company, both announced layoffs, revealing intentions to eliminate 10% and 7% of their respective workforces.
Neither business gave an exact count of the affected employees. GitHub had 2,500 employees as of April 2021 and hired more than 1,000 new workers in the previous year, so it’s possible that over 300 employees could be affected by the layoffs. A total of 114 employees are anticipated to be impacted by the job cuts at GitLab.
Software development teams can store the source code for their applications on a platform run by GitHub. A sizable portion of the open-source projects in the world are also hosted on the platform. GitHub ran as a stand-alone business until 2018, when Microsoft Corp. paid USD 7.5 billion to acquire it.
Read More: GitHub and GitLab announce job cuts
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