This comes after the tech giant saw a decline in PC sales and cloud growth. “As we saw customers accelerate their digital spend during the pandemic, we’re now seeing them optimize their digital spend to do more with less,” CEO Satya Nadella said of the decision. He further explained that organizations across a broad range of industries are exercising caution amid growing recession concerns.

Prior to announcing the mass workforce reduction, Microsoft took several steps to reduce costs, including a slow down in hiring in its Windows, Office, and Teams divisions last May. The company went on to lay off 1% of its workforce in July before cutting another 1,000 jobs in October.

Microsoft’s PC sales have slowed dramatically since the coronavirus pandemic when customers were buying desktops and laptops en masse as they transitioned to work-from-home models, homeschooling, and playing games. Gartner reported a 28.5% worldwide decline in PC shipments during the fourth quarter of 2022 – the largest decline since this figure was first tracked during the mid-1990s.

The post Microsoft to Cut 10,000 Jobs Following Sales Decline appeared first on theprimarymarket.com.

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.

The post Microsoft Becomes the Latest Company to Engage in Workforce Layoffs appeared first on theprimarymarket.com.

This comes after the tech giant saw a decline in PC sales and cloud growth. “As we saw customers accelerate their digital spend during the pandemic, we’re now seeing them optimize their digital spend to do more with less,” CEO Satya Nadella said of the decision. He further explained that organizations across a broad range of industries are exercising caution amid growing recession concerns.

Prior to announcing the mass workforce reduction, Microsoft took several steps to reduce costs, including a slow down in hiring in its Windows, Office, and Teams divisions last May. The company went on to lay off 1% of its workforce in July before cutting another 1,000 jobs in October.

Microsoft’s PC sales have slowed dramatically since the coronavirus pandemic when customers were buying desktops and laptops en masse as they transitioned to work-from-home models, homeschooling, and playing games. Gartner reported a 28.5% worldwide decline in PC shipments during the fourth quarter of 2022 – the largest decline since this figure was first tracked during the mid-1990s.

The post Microsoft to Cut 10,000 Jobs Following Sales Decline appeared first on theprimarymarket.com.

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.

The post Microsoft Becomes the Latest Company to Engage in Workforce Layoffs appeared first on theprimarymarket.com.