Here are some of the more prominent global tech firms that have axed staff despite earning big money.
30 despite a "dynamic environment," CEO Satya Nadella said in the tech giant's annual report.
Despite that, Microsoft announced in January that it's laying off 10,000 workers as the firm braces for slower revenue growth.
The enterprise software company also returned to positive operating profit growth of 2%.
However, SAP announced in January that it's cutting up to 3,000 jobs, as the leadership seeks to steer the company toward double-digit profit growth in 2023.