costcutting

Microsoft has laid off nearly 1000 employees across multiple divisions, including the Xbox and Edge teams. The layoffs affected less than 1 percent of Microsoft’s latest reported workforce of around 221,000 people, Axios stated by citing an anonymous source.

The US tech behemoth officially confirmed the elimination of a small number of positions and the intention to increase its employee count in the future earlier in July.

In a statement released by Microsoft said, “Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities regularly, and make structural adjustments accordingly.”

Source: financialexpress.com

Microsoft’s 1000 employees layoff is the latest in a string of job cuts or hiring freezes in the United States as the global economy slows. Due to the global economic slowdown, rising inflation, and other factors, several technology companies, which would include Meta Platforms Inc, Twitter Inc, and Snap Inc, have cut jobs and stopped hiring in recent months.

Meta recently laid off 60 contractors who were reportedly chosen at random by an algorithm. Snap officially confirmed its plan to reduce its headcount by approximately 20 percent of its full-time employees worldwide on August 31, 2022.

A Twitter user going by the handle KC Lemson who is a Microsoft veteran and product supervisor in the office of the Chief Technology Officer tweeted on Monday that she had been laid off by Microsoft. Several other long-serving Microsoft employees were affected by the layoffs together with KC Lemson.

When we talk about current layoffs, a Microsoft spokesperson said, “like all corporations, we consider our enterprise priorities frequently, and make structural changes accordingly. We will proceed to take a position in our enterprise and rent in key areas in the year forward.”

Source: indiatoday.in

Wipro and Infosys have both officially declared layoffs this year in India. Aside from attrition, many companies, such as Apple, Oracle, and Google also, have publicly stated a hiring freeze for the months to come. As of late July, Crunchbase revealed that more than 32,000 workers in the US software industry had been laid off in mass layoffs.

“We’ve included both startups and publicly traded companies that are based in the US. We’ve also included companies based elsewhere that have a sizable team in the United States, such as Klarna,” the analysis said.

Source: financialexpress.com

The company has recently launched its new Microsoft Surface line-up, which consisted of the Surface Laptop 5, Surface 9 Pro tablet, Studio 2+, and numerous other products. On October 25, the company will release its fiscal second-quarter financial results.