Microsoft to axe about 5% of global workforce by Q3 FY23 over poor economy
1 year, 11 months ago

Microsoft to axe about 5% of global workforce by Q3 FY23 over poor economy

Live Mint  

Tech giant Microsoft on Wednesday said that it will axe 10,000 employees, almost 5% of its workforce, by the end of third quarter of fiscal 2023 over poor economy. In a note to staff, Microsoft Chief Executive Satya Nadella said customers wanted to "optimize their digital spend to do more with less" and "exercise caution as some parts of the world are in a recession and other parts are anticipating one." “While we are eliminating roles in some areas, we will continue to hire in key strategic areas,” Nadella said. In July 2022, Microsoft said that a small number of roles had been eliminated, while news site Axios in October reported that the company had laid off under 1,000 employees across several divisions.

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History of this topic

Layoffs in tech industry seem to be far from over
1 month, 2 weeks ago

Layoffs in tech industry seem to be far from over

Hindustan Times  

The technology sector’s employment woes have deepened in 2024, with companies across the spectrum announcing fresh layoffs, indicating the trend that began two years ago shows no signs of abating. This both validates the opportunity we’ve been pursuing and underscores the need for even more urgency, even more aggressive investment, and decisive action,” Dropbox CEO Drew Houston said in a …

Microsoft layoffs- Microsoft to cut 650 support jobs in Xbox Games unit: Report
3 months, 1 week ago

Microsoft layoffs- Microsoft to cut 650 support jobs in Xbox Games unit: Report

The Hindu  

Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein in costs and integrate its $69 billion acquisition of Activision Blizzard, Bloomberg News reported on Thursday. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox …

Microsoft layoffs: Fresh job cuts across verticals at Satya Nadella company for ‘growth’
5 months, 2 weeks ago

Microsoft layoffs: Fresh job cuts across verticals at Satya Nadella company for ‘growth’

Hindustan Times  

Microsoft said that it held another round of layoffs this week after reports claimed that the new job cuts will impact various teams and locations across the company. However, the Satya Nadella company has not disclosed the number of employees that have been impacted in the latest round of job cuts. Microsoft CEO Satya Nadella speaks during the Microsoft Build …

Microsoft Layoffs: Tech Giant Fires Over 1,000 Employees Across Departments, Says Report
6 months, 2 weeks ago

Microsoft Layoffs: Tech Giant Fires Over 1,000 Employees Across Departments, Says Report

ABP News  

Microsoft Layoffs: Microsoft is reportedly laying off its workforce, with reports indicating that over 1,000 employees are being laid off across various units. According to The Information report, citing sources familiar with the matter, “most of the job cuts are within the company’s Strategic Missions and Technologies org, which aims to sell Microsoft’s cloud software and server rentals for businesses …

Google And Microsoft Layoffs: Both Tech Giants Cut Up To 1,000 Employees Across Teams
6 months, 2 weeks ago

Google And Microsoft Layoffs: Both Tech Giants Cut Up To 1,000 Employees Across Teams

News 18  

The tech layoffs continue in 2024 with Google and Microsoft cutting up to 1,000 jobs from different divisions of their teams. According to latest reports, the Google Cloud business has handed over the pink slips to around 100 employees, while Microsoft has gone deeper into its decision by asking around 1,000 employees to exit the company. Google has already conducted …

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more
10 months, 3 weeks ago

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more

Hindustan Times  

2024 has already proven to be a difficult year for layoffs. Here's some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer's headquarters and distribution centers. Levi's layoffs Levi Strauss & Co. is slashing its global corporate workforce by 10% to 15% in the first …

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
10 months, 4 weeks ago

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs

Associated Press  

2024 has already proven to be a difficult year for layoffs. Here’s some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer’s headquarters and distribution centers. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline …

Microsoft implements new job cuts, laying off 276 employees
1 year, 5 months ago

Microsoft implements new job cuts, laying off 276 employees

India TV News  

Microsoft has recently implemented another round of job cuts, resulting in the layoff of 276 employees, with a focus on customer service, support, and sales teams. These job cuts extend beyond the 10,000 global layoffs previously announced by Microsoft on January 18, according to reports from Geek Wire. LinkedIn, the leading professional networking platform, saw multiple posts revealing job cuts …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 5 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Indian IT sector to reduce college hiring by 40%, will prioritise last year’s offers first
1 year, 6 months ago

Indian IT sector to reduce college hiring by 40%, will prioritise last year’s offers first

Firstpost  

Currently, the job market for the Indian IT industry is extremely competitive due to companies increasingly laying off employees as a cost-cutting measure. In light of this situation, an analysis conducted by recruitment firm TeamLease Digital has revealed that most Indian IT companies are planning to hire 40 per cent fewer freshers during the financial year 2023-2024. The report also …

Microsoft will not give employees salary raise this year
1 year, 7 months ago

Microsoft will not give employees salary raise this year

The Hindu  

Microsoft Corp. will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. "Last year, we made a significant investment in compensation driven by market conditions and company performance, nearly doubling our global merit budget.this year the economic conditions are very …

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List
1 year, 10 months ago

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List

News 18  

Tech Layoffs In 2023: Citing cost cutting due to macroeconomic pressures, tech companies across the world have resorted to layoffs in the past months. The year 2023 has witnessed mass layoffs by companies such as Google, Microsoft, Salesforce and Amazon, among others. Apart from these, Salesforce laid off 8,000 employees, Dell sacked 6,650, IBM about 3,900, SAP nearly 3,000, Zoom …

Here are the latest tech layoffs as the industry shudders
1 year, 10 months ago

Here are the latest tech layoffs as the industry shudders

CBS News  

The high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. Dell The computer company in February announced it would slash 5% of its workforce due to a "challenging global economic environment." PayPal The digital payments company said in January it was cutting 2,000 jobs, or about 7% of its workforce, as it …

Microsoft profit drops 12% to $16.4B as revenue grows at its slowest pace in six years
1 year, 10 months ago

Microsoft profit drops 12% to $16.4B as revenue grows at its slowest pace in six years

Daily Mail  

A slew of tech companies have announced cost-cutting measures, with Amazon, Apple and Google-parent Alphabet all announcing hiring slowdowns or freezes. Twitter laid off half its workforce across teams ranging from communications and content curation to product and engineering Musk previously said there was no other choice but to impose mass layoffs as the company loses hundreds of millions of …

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January
1 year, 11 months ago

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January

Firstpost  

While all firms may not be on Layoffs.fyi list, here is a look at the major job cuts in IT, IT services and other sectors in January 2023 New Delhi: From Google, Amazon to Microsoft, the first three weeks of January have already witnessed layoffs of 55,970 employees across 173 companies around the world, as per data on job cuts …

Job cuts in tech sector spread, Microsoft lays off 10,000
1 year, 11 months ago

Job cuts in tech sector spread, Microsoft lays off 10,000

Associated Press  

Microsoft is cutting 10,000 workers, almost 5% of its workforce, joining other tech companies that have scaled back their pandemic-era expansions. The company said in a regulatory filing Wednesday that the layoffs were a response to “macroeconomic conditions and changing customer priorities.” The Redmond, Washington-based software giant said it will also be making changes to its hardware portfolio and consolidating …

Microsoft cuts 10,000 jobs to fuel future growth: Here’s what CEO Satya Nadella has to say
1 year, 11 months ago

Microsoft cuts 10,000 jobs to fuel future growth: Here’s what CEO Satya Nadella has to say

India TV News  

Microsoft, one of the world's leading tech giants, has announced that it will cut nearly 10,000 jobs from its engineering division. In a blog post, CEO Satya Nadella stated that the company would continue to invest in strategic areas for the future, meaning they will allocate capital and talent to secular growth and long-term competitiveness for the company while divesting …

Microsoft axing 10,000 roles in latest US tech jobs cull
1 year, 11 months ago

Microsoft axing 10,000 roles in latest US tech jobs cull

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy About 10,000 jobs are being axed at Microsoft as the software giant becomes …

Microsoft to lay off staff again from today: Reports
1 year, 11 months ago

Microsoft to lay off staff again from today: Reports

Deccan Chronicle  

SAN FRANCISCO: Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. "Over the last few weeks we have seen significant headcount cut reduction from stalwarts Salesforce and Amazon," Wedbush analyst Dan Ives said in a note to investors. Amazon announced …

Microsoft to cut 10,000 jobs as tech layoffs intensify
1 year, 11 months ago

Microsoft to cut 10,000 jobs as tech layoffs intensify

The Hindu  

Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn. The layoffs and costs related to hardware-portfolio and other changes will result in a charge of $1.2 billion in the second …

Microsoft mulls over ‘significantly larger' job cuts in engineering divisions
1 year, 11 months ago

Microsoft mulls over ‘significantly larger' job cuts in engineering divisions

Hindustan Times  

Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are scaling back as the industry prepares for a prolonged slump in demand. The magnitude of the cuts couldn’t be learned, but the person, who asked not to be identified discussing …

Microsoft to cut 10,000 jobs as chief says ‘no one can defy gravity’
1 year, 11 months ago

Microsoft to cut 10,000 jobs as chief says ‘no one can defy gravity’

The Telegraph  

Microsoft is to cut 10,000 jobs in the face of a global economic downturn, with chief executive Satya Nadella saying the technology giant cannot “defy gravity”. The layoffs represent just under 5pc of Microsoft’s global headcount and mean the company joins a growing cohort of big tech companies making deep job cuts. In November, Facebook owner Meta said it would …

Tech industry in turmoil: Layoffs on the rise as companies struggle to stay afloat
1 year, 11 months ago

Tech industry in turmoil: Layoffs on the rise as companies struggle to stay afloat

India TV News  

The ongoing economic slowdown is making it difficult for the tech sector to survive. According to data from Layoffs.fyi, a website that tracks all layoffs at tech startups, in January 2023, 91 tech companies globally let go of about 24151 employees. Amazon CEO Andy Jassy, in a recent blog post, confirmed that Amazon is continuing layoffs while firing around 18000 …

Microsoft to lay off 10,000 people, increasing job cuts in tech
1 year, 11 months ago

Microsoft to lay off 10,000 people, increasing job cuts in tech

Al Jazeera  

The layoffs, far larger than cuts by Microsoft last year, pile on to tens of thousands of job cuts across the tech sector. The layoffs, announced on Wednesday and far larger than cuts by Microsoft last year, piled on to tens of thousands of job cuts across the technology sector that is long past its ceaseless growth during the coronavirus …

Why Zuckerberg's Meta Has Sacked 11k Employees & What Will Happen to Indian Workers Now
2 years, 1 month ago

Why Zuckerberg's Meta Has Sacked 11k Employees & What Will Happen to Indian Workers Now

News 18  

Facebook parent Meta is laying off 11,000 employees, or about 13% of its workforce, as it deals with declining revenue and broader tech industry woes, according to CEO Mark Zuckerberg in a letter to employees sent out Wednesday. Facebook Losing Young Users, Apple’s Privacy Policies In recent months, Meta has experienced uncertainty about the company’s future as its flagship platform …

Microsoft layoffs won’t be the last for tech industry
2 years, 2 months ago

Microsoft layoffs won’t be the last for tech industry

Hindustan Times  

Mass layoffs are one of the more painful consequences of a looming economic recession, and the high-flying and well-funded tech industry isn’t immune. Microsoft Corp. on Monday provided an omen of what’s to come, when it confirmed that it had cut jobs across multiple divisions including its Xbox unit, numbering under 1,000 people. Similarly, Facebook parent Meta Platforms Inc. will …

Microsoft continues layoff, cuts about 1,000 jobs: Report
2 years, 2 months ago

Microsoft continues layoff, cuts about 1,000 jobs: Report

Live Mint  

Microsoft Corp laid off under 1,000 employees across several divisions this week, Axios reported on Tuesday, citing a source, making it the latest US technology company to cut jobs or slow hiring amid a global economic slowdown. Several technology companies, including Meta Platforms Inc, Twitter Inc and Snap Inc have cut jobs and scaled back hiring in recent months as …

Microsoft is laying off 200 more employees, giving them 60 days to find a new position
2 years, 4 months ago

Microsoft is laying off 200 more employees, giving them 60 days to find a new position

India Today  

Microsoft is reportedly laying off 200 more employees from its team focused on winning back consumers. According to Business Insider, the tech giant is asking some of its employees to find another position at the company or take severance pay. To recall, Microsoft recently fired 1800 employees as part of a restructuring process, but back then the company said that …

Microsoft lays off 1800 employees as part of restructuring process, to hire more
2 years, 5 months ago

Microsoft lays off 1800 employees as part of restructuring process, to hire more

India Today  

Microsoft has laid off 1800 employees across different regions as a part of its structural adjustments. Microsoft will continue to hire new employees and finish the current fiscal year with an increased headcount. The job cuts spanned different groups, including consulting, customer, and partner solutions across different regions worldwide. CEO Sundar Pichai, in a memo, told employees that the company …

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