Microsoft Corp. and Alphabet Inc.’s Google are each donating $1 million to Donald Trump’s inauguration fund, joining the roster of technology companies shelling out to back the incoming US president’s festivities later this month.

Microsoft has donated $1 million to President-elect Donald Trump's inaugural fund, matching gifts from Google, a spokesperson confirmed.

(Reuters) -Big companies from Wall Street to Silicon Valley are pledging donations to Donald Trump's inaugural fund before his Jan. 20 return to the White House, hoping to establish a positive rapport with his new administration.

Microsoft is laying off "a small percentage of its workforce," as the tech sector continues to endure a turbulent period.

Microsoft plans to make a new round of layoffs across the company, impacting employees whose performance has been deemed to fall short of its standards.