In this article, we are going to be covering Microsoft layoffs 2022, which is actually following the suit of many different tech firms. Microsoft announced layoffs in a variety of departments on Monday, October 17, 2022. This is the next step after IT companies announced a hiring moratorium due to the economic crisis. Jobs are being slashed specifically now.
Microsoft layoffs 2022 explained
Almost all big tech businesses in the United States are delaying or halting recruiting. Some firms, such as Snap, Flipboard, and others, have already begun to lay off employees. Meta, Facebook’s parent company, has set a hiring restriction and planned budget cuts in most divisions, with layoffs inevitable. Intel also intends to lay off thousands of workers as PC sales slump to pre-Corona pandemic levels.
Microsoft is now making layoffs as well. Officially, no figure is available, although it is estimated that it will affect fewer than a thousand employees worldwide. Layoffs occurred at various levels, in various teams, and on a global scale. Several laid-off staff announced their layoffs on Twitter and Blind, as well as other online forums. Microsoft told Axios:
“Like all companies, we regularly evaluate our skilled workforce and make appropriate structural adjustments. We will continue to invest in our business and hire in key growth areas in the coming year.”
The statement comes three months after Microsoft said that it had cut fewer than 1% of its workforce. Microsoft forecasted 10% sales growth in the fiscal first quarter, the slowest in more than five years, in July. On October 25, the corporation will report profits.
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