San Francisco Layoffs: According to media reports, Microsoft has laid off over 1,000 workers from several divisions. According to Axios, the action is another example of large tech companies laying off workers after previously agreeing to limit or freeze employment as the overall economy cools.
According to the report, the computing behemoth refuses to divulge how many positions were lost, though a source claims the layoffs totaled less than 1,000 people. Following the July layoffs, the company cut another 200 workers from one of its customer-focused R&D programs in August.
“We, like other firms, regularly assess our business priorities and make structural changes as needed. We will continue to invest in our business and hire in critical growth areas in the future year “Microsoft issued in a statement.
“We only had a few role eliminations today.” “Like other organizations, we regularly assess our business goals and make structural improvements as needed,” Microsoft noted in another statement.
Around the world, layoffs took place at various levels, teams, and places. Several layoffs were announced on Twitter and Blind, among other internet forums. According to the research, nearly all of the top IT businesses have slowed hiring, with several halting all but critical recruitment.
Meta, which had previously ceased hiring, plans to cut expenditures in most divisions, with layoffs a possibility. Meanwhile, in recent months, the computer powerhouse has laid off approximately 2,000 individuals worldwide.
Google, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel, and Salesforce are just a few of the many IT behemoths that have laid off or delayed hiring amid the current economic downturn.
As of late July, around 32,000 workers in the US tech sector, including Microsoft and Meta, have been laid off in massive layoffs, according to Crunchbase data.
Microsoft is a multinational technology firm headquartered in Redmond, Washington that produces computer software, consumer electronics, personal computers, and related services. Among its best-known software products are the Windows operating system, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
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