Microsoft laid off under 1,000 employees across several divisions this week.
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Who were affected?
Employees across a variety of levels and teams around the world were affected.
This makes it the latest American tech company to cut jobs or slow hiring amid a global economic slowdown.
Less than 1% of Microsoft’s total workforce of around 221,000 was affected by the move.
Third round after July, August
This is the third round of layoffs since July.
It had fired nearly 1% of its 180,000-strong workforce across offices and product divisions back then as part of a ‘realignment’.
It had said in a statement, “Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities regularly, and make structural adjustments accordingly.”
After that it fired another 200 employees from one of its customer-focused R&D projects in August.
Joining other Big Tech cos
A spokesperson said, “Like all companies, we evaluate our business priorities regularly and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead.”
Microsoft is joined by several technology companies, including Meta, Twitter and Snap in slashing jobs and scaling back hiring in recent months.
Over 32,000 workers in the US tech sector across Big Tech firms had been laid off in mass job cuts till late July, according to Crunchbase.
Meta
Meta in particular was said to be “quietly letting go” of roughly 12,000 people or 15% of the workforce.
A Meta employee said, “This 15 per cent are likely to be put on a performance improvement plan (PIP) and then fired.”
Reasons behind the move
Uber, Netflix as well as several cryptocurrency exchanges and lending platforms were also among companies that had cut jobs.
Global economic growth slows due to higher interest rates, rising inflation and an energy crisis in Europe are mainly to blame.
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