Microsoft: According to reports, Microsoft laid off less than 1,000 employees across several divisions this week, citing a source, making it the latest technology company to cut jobs or slow hiring amid a global economic slowdown. According to one current employee, layoffs have also affected the Xbox gaming division.
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According to the report, the layoffs affected less than 1% of Microsoft’s total workforce of approximately 221,000 as of June 30. However, without going into specifics, the company stated in July that a small number of positions had been eliminated and that it planned to increase its headcount in the future.
Microsoft #MSFT laid off under 1,000 employees across several divisions this week
Source : Axios
MSFT joined the latest company to join the list fo slow hiring
The layoffs affected less than 1% of Microsoft’s total workforce of around 221,000 as of June 30
— Adithya Thatipalli (@adi_thatipalli) October 18, 2022
In July, the company announced the elimination of a small number of positions and the intention to increase its headcount in the future.
According to the report, the software giant laid off nearly 1% of its 180,000-person workforce across offices and product divisions in July as part of a routine restructuring.
“We, like all businesses, evaluate our business priorities on a regular basis and make structural adjustments as needed. In the coming year, we will continue to invest in our business and hire in key growth areas “According to a statement issued by Microsoft.
Several laid-off workers took to Twitter and Blind, among other online forums, to announce their job loss.
According to the report, nearly all of the major technology firms have slowed headcount growth, with many freezing all but essential hires.
Meta, which had already frozen hiring, intends to reduce budgets in most divisions, with layoffs likely.