Working for a tech company doesn’t seem all that great these days. The layoffs are taking place left and right, and not even Big Tech is immune to them. According to Bloomberg, Microsoft recently made a decision to cut one percent of its workforce as part of the process of “realigning business groups and roles.”
Reportedly, Microsoft will lay off one percent of its employees. This might not sound much at first until you consider that the company employs around 180,000 people. Also, the layoffs don’t seem to be based on the departments or have some geographical pattern.
“Today we had a small number of role eliminations,” said Microsoft in a statement sent to Bloomberg. “Like all companies, we evaluate our business priorities on a regular basis and make structural adjustments accordingly.”
The news comes after Microsoft previously made a decision to slow down its hiring and become less aggressive in terms of recruiting. However, the company still claims its overall number of employees will substantially increase by the end of the year.
“We will continue to invest in our business and grow headcount overall in the year ahead,” Microsoft’s statement added.
Microsoft is the latest tech company to trim down its workforce. The social media platform Twitter recently let go a third of its recruiting team, while Oracle is reportedly considering laying off thousands.