Microsoft will announce massive layoffs in the coming days. Several reports expect to see 11,000 employees fired by Microsoft in total. This drastic measure would make it possible to anticipate the economic slowdown.
Microsoft employees are now allowed unlimited time off, but thousands are at risk of losing their jobs in the coming days. Several reports from Bloomberg and Sky News actually expect Microsoft to announce massive layoffs in the coming days. In total, Microsoft could fire 5% of its 220,000 employees in the world. Around 11,000 employees are therefore at risk of being made redundant this week.
Since a few months, tech giants chain waves of massive layoffs. After recruitments that exploded during the pandemic, companies had to lay off with a vengeance to cope with the economic slowdown. At Amazon, 18,000 jobs will be cut and Meta has laid off 11,000 employees. On the side of Twitter, 7,500 employees lost their jobs following the takeover by Elon Musk. It is now Microsoft’s turn to lose some of its workforce.
Microsoft recruited 50,000 employees during the pandemic and is preparing to let 11,000 go
According to a Bloomberg report, Microsoft layoffs would impact “ a number of engineering divisions “. We don’t yet know the extent of Microsoft’s layoffs. However, Bloomberg expects them to be ” significantly more important than Microsoft’s other layoffs over the past year.
At this time, Microsoft has yet to confirm the layoff of 11,000 employees. A spokesperson said the company does not respond to rumors and speculation. Either way, Microsoft is suffering from the same economic downturn. The company recruited 50,000 employees during the pandemic. It now has to deal with deteriorating economic conditions.
Satya Nadella, the CEO of Microsoft, himself announced at the end of last year that: we strive to help our clients do more with less, while investing in secular growth areas and managing our cost structure in a disciplined manner “. He is expected to give more information on Microsoft’s current situation during the announcement of the financial results on January 24.
Source : Engadget
