Washington: After Twitter, Meta and many other tech companies, Microsoft is preparing for mass layoffs due to uncertain macroeconomic conditions. Microsoft may lay off 5% workforce (around 11,000) this week. People from the engineering division will be mainly affected by this retrenchment.
Microsoft laid off 1,000 employees in June
As of June 30, the company had 2,21,000 full-time employees, including 1,22,000 in the US and 99,000 internationally. In October last year, Microsoft laid off around 1,000 employees across all divisions.
Microsoft is not immune to global changes: Satya Nadella
The news of layoffs isn't entirely surprising as Microsoft has been hinting at it for quite some time. For example, the company's CEO Satya Nadella said in an interview that Microsoft is not immune to global changes. Nadella had said that the next 2 years would be challenging for tech companies.
Several US tech giants have laid off thousands
Over the past 5 months, several US tech giants have laid off thousands of employees to save on operational costs. Companies have mainly attributed this to the Ukraine-Russia war, slow growth and over-hiring during the Covid-19 pandemic. Recently, Amazon also announced the layoff of 18,000 employees.
Some of the Amazon layoffs would be in Europe, CEO Andy Jassy said in a statement to staff, adding that the impacted workers would be informed starting on Wednesday, January 18.
Amazon to lay off 18000 employees
Announcing the layoff of more than 18 thousand employees, Amazon had said that in the last few years the company had recruited a large number of employees, but now the employees are being reduced amid fears of recession. Many teams will be affected by this layoff.
Amazon had said – We are providing a separation payment, transitional health insurance benefits and external job placement support to those affected by the layoffs. It also said that I am very grateful for the contribution of those affected by these cuts.
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