Microsoft to Sack More Employees Six Months After 10,000 Job Cuts

• Six months after laying off 10,000 workers, Microsoft revealed plans to sack more.
• Hundreds of the tech company workers will be affected by the company's decision
• The company, said the decision became necessary due to shift in customers' priorities and macroeconomic condition.

Microsoft has announced it is embarking on a new round of internal job cuts expected to impact an unknown number of employees in customer service, support, and sales.

The company said the exercise is in addition to the January downsizing, which saw 10,000 staff laid off.

Confirming the layoff to GeekWire’s inquiry, it explained the development is part of business management, especially as the company enters the fiscal year 2024 in July.

There are signs that the cut would impact 276 individuals in the company's home state of Washington, even though the precise number isn't given.

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A Microsoft spokesperson said:

“Organizational and workforce adjustments are a necessary and regular part of managing our business. We will continue to prioritise and invest in strategic growth areas for our future and in support of our customers and partners.”

It would be recalled that a few weeks into 2023, Legit.ng had compiled a list of top global companies that had already announced intentions to sack a combined 97,000 staff.

Along with Microsoft, the staff of other major companies, including Stripe, Meta, Coinbase, Lyft and Twitter, were also affected by the surprising layoffs.

Microsoft axe 10,000 jobs as tech gloom deepens

In earlier news, Legit.ng had reported that Microsoft announced it was laying off 10,000 employees amid an economic downturn in January. The job cut affected less than 5% of employees.

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This follows moves by tech giants like Meta, Amazon and Twitter, also cutting down on their employee numbers after adding headcount rapidly to meet rising demand during the Covid-19 pandemic.

It said that the actions were in reaction to customers' shifting priorities and macroeconomic conditions. In the second quarter, it noted that the company's cost-cutting efforts would result in expenses of around $1.2 billion due to severance pay, changes to its hardware portfolio, and efforts to consolidate leases.

In recent months, Microsoft has said clients are looking for ways to save money on their pilling cloud computing bills.

Source: Legit.ng