Microsoft joined will reduce the wave of layoffs and workforce by approximately 1% in tech companies, He attributed this to a “strategic realignment” at the start of its new fiscal year, as reported on Tuesday.
“We informed a small number of employees today. their roles disappeared. This is the result of a strategic realignment and, like all companies, we regularly evaluate our business, Microsoft told CNBC.
Layoffs will affect 1% of the workforce of 180,000 employees and will emerge in various geographical areas and specializations, The company is still “investing in certain areas” and added that it hopes to “increase” the number next year.
Microsoft closed the fourth quarter of fiscal 2022 at the end of June – it doesn’t follow the natural calendar – and predictably It will publish its results this month.
Strong demand for Azure-led cloud services throughout the year increased its profit by 25% compared to the same period of the previous financial year, up to almost $56,000 million.
The company lowered its revenue and profit forecasts in June due to exchange rate fluctuations. and had previously instructed several teams to be more cautious in recruiting.
Other companies in the industry, such as Netflix or Meta, have also announced. Layoffs or hiring freezes in the midst of an economic situation It combines high inflation, slowing growth and rising interest rates.
Source: Informacion
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