Microsoft It is reportedly planning to shed thousands of jobs, many of which are expected to start this week amid hiring freezes and previous terminations in the company. The layoffs will reportedly include Microsoft’s engineering and human resources departments and will be the latest in a series of layoffs Layoffs in the technology industry.
However, the company currently employs more than 220,000 people Sky news reports that Microsoft is reportedly planning to cut about five percent of its workforce, which it is expected to announce in the coming days. The layoffs would be the biggest round of cuts for the company last year and would equate to a loss of around 11,000 jobs.
A Microsoft spokesman declined to comment in an email to Gizmodo, calling the reports a “rumor.” However, Business Insider reported that Microsoft could potentially cut its staff by up to a third, according to a person familiar with the matter. They added that it may be a year or two before the company starts hiring at the same rate as before the layoffs.
The company first announced plans to lay off less than 1 percent of its workforce in July last year, but in August it prematurely terminated the contracts of hundreds of recruiters and talent acquisition workers. Two months later, 1,000 Microsoft employees were fired from the Xbox console gaming division, the Strategic Missions and Technology organization, and other entities. Business Insider reported at the time.
A Microsoft spokesperson told the outlet, “Like all companies, we regularly assess our business priorities and make structural adjustments accordingly.” They added, “We will continue to invest in our business and hire in key growth areas over the coming year.”
The newly reported layoffs are just the latest in a significant number of job cuts in recent months, following Amazon’s announcement plans to cut 18,000 jobs. Meanwhile, cloud software giant Salesforce announced it would cut 8,000 jobs and Facebook’s parent company, Metahas cut its workforce by around 11,000 jobs.
This was announced by Morningstar analyst Dan Romanoff Reuters“From an overall perspective, another upcoming round of layoffs at Microsoft suggests the environment is not improving and is likely to continue to deteriorate.”
https://gizmodo.com/microsoft-layoffs-tech-layoffs-xbox-tech-industry-1849997807 Microsoft Spokesperson Calls Impending Layoffs a ‘Rumor’