Microsoft lays off nearly 1,000 employees in teams across countries: Report
Microsoft layoffs: It’s worth noting that this recent round of layoffs comes amid slowing global markets, recession fears and a funding winter.
Microsoft lays off employees across countries
The technology giant Microsoft has gone through the third round of downsizing since July this year. The fired employees took to twitter to tell the world about the news.
KC Lemson, formerly the group’s product manager, took to Twitter to express her displeasure.
Hey, who has two thumbs and just got fired from Microsoft this morning?
2022 was quite a year. pic.twitter.com/JfsbwKvKfV
— KC Lemson (@kclemson) October 18, 2022
The company said in a statement: “We had a small number of role exclusions today. Like all corporations, we often consider our business priorities and make structural changes accordingly.”
They added: “We will continue to position our business and hire in key areas next year.”
According to US news website Axios, Microsoft has laid off nearly 1,000 employees. The report also states that employees at several levels and teams around the world have been given pink slips.
The move is in line with major tech companies cutting jobs after slowing hiring, according to the report.
It’s worth noting that this recent round of layoffs comes amid a slowdown in global markets, recession fears, and a funding winter.
Interestingly, Microsoft is not the only tech giant undergoing downsizing. Meta, the parent company of the social media platform Facebook, is also looking to cut costs by laying off roughly 12,000 people, according to the discussion forum Blind.
A Met employee said: “Those 15 percent will probably be put on a performance improvement plan (PIP) and then let go.”
