Looks like Microsoft is set to cut 10,000 jobs in the next few days

TL; DR: After announcing a new policy to give its US salaried employees unlimited paid leave, Microsoft is said to be on the verge of reducing its global workforce by about 10,000 people. The Windows maker has been one of the few tech giants that hasn’t implemented massive job cuts recently, but that looks set to change soon.

Sky News Writes Microsoft is ready to announce layoffs in a few days. It wrote that its global workforce of more than 221,000 people — 122,000 of them full-time employees in the United States — would decline by about 5%, or about 10,000 jobs, although the final figure could be higher. Cuts are reportedly set to be made in a number of engineering departments.

Microsoft has made previous layoffs in the past 12 months, including cuts that affected less than 1,000 employees in October, although on a much smaller scale than their peers at fellow technology companies, impacting less than 1% of the total workforce.

Like other companies, Microsoft has increased its hiring during the pandemic to deal with the sudden increase in people working/learning from home and ordering the company’s products. Now that the economy has stalled and consumer demand has waned, these companies are downsizing their workforce.

Microsoft employees in the US have had a rollercoaster week. Kathleen Hogan, the company’s chief of staff, recently announced that all salaried employees in the United States will receive Unlimited paid leavePlus ten corporate holidays, leaves of absence, sick/mental health leave, and time off for jury duty or bereavement.

Microsoft is expected to announce the job cuts before it reports its earnings on January 24, when it is expected to post the slowest increase in revenue since fiscal 2017.

Working in technology isn’t a very safe profession right now. Saw the first week of this month More layoffs across the industry compared to the entire month of December, including confirmation from Amazon on this to leave of 18,000 employees. The past year has been difficult for the staff; TwitterAnd HPAnd metaAnd LiftAnd popAnd Robinhoodand many announced that they would reduce their workforce.

Source link

Related Posts