Microsoft to layoff thousands of employees this week: Report
- ByStartupStory | January 18, 2023
According to UK broadcaster, Sky News report, Microsoft is planning to cut 11,000 jobs, or about 5% of its workforce.
According to the report, some positions in the human resources and engineering divisions are expected to be eliminated.
The tech titan recently reduced its workforce in October and July, and it has halted hiring.
It announced in July of last year that a small number of positions had been eliminated. According to the news site Axios, Microsoft laid off less than 1,000 employees across several divisions in October.
Bloomberg News reported that the company plans to cut jobs in a number of engineering divisions in a new round of layoffs on Wednesday, adding that the cuts will be significantly larger than previous rounds in the past year.
Meanwhile, Insider reported that Microsoft may reduce its recruiting staff by up to one-third.
Microsoft joins Amazon, Meta, and Salesforce as major companies that have laid off thousands of employees in recent months.
“From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen,” a Reuters report cited Morningstar analyst Dan Romanoff as saying.
According to filings, the company had 221,000 full-time employees as of June 30, including 122,000 in the United States and 99,000 globally.
According to Reuters, Microsoft is under pressure to maintain growth rates at its cloud unit Azure after several quarters of a downturn in the personal computer market hurt Windows and device sales.
In other news, Amazon plans to lay off 18,000 employees, starting January 18, from various divisions. Out of 18,000 a 1000 employees are from India. Meta will let go 13% of its workforce.
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