Microsoft announces job cuts, plans more hiring
Microsoft (NASDAQ: MSFT) has become the latest Big Tech firm to announce job cuts across the world
• The company plans to realign its job roles
Microsoft (NASDAQ: MSFT) has become the latest Big Tech firm to announce job cuts across the world.
Microsoft (NASDAQ: MSFT) has become the latest Big Tech firm to announce job cuts across the world .
The layoffs reportedly affect less than 1% of Microsoft’s 180,000-person workforce and follow no clear pattern with respect to geography or product division, touching on teams including customer and partner solutions and consulting
“Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” Microsoft told Bloomberg in an emailed statement. “We will continue to invest in our business and grow headcount overall in the year ahead.”
Layoffs within the tech sector have accelerated over the past few months as investors, fearful of a recession, pull back. Reports of electric vehicle startup Rivian Automotive’s plans to trim its workforce by about 5% emerged on Monday.
Source - Bloomberg
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