Microsoft Fires About 1000 Employees, as global slowdown bites Meta
The layoffs affected less than 1% of Microsoft’s last reported workforce of around 221,000.
Earlier in July, the US tech giant had said that a small number of roles had been eliminated.
Microsoft has laid off about 1,000 employees across multiple divisions including the Xbox and the Edge teams.
The US tech giant had said that a small number of roles had been eliminated and that it would increase its employee count down the line.
“Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities regularly, and make structural adjustments accordingly.”
The Microsoft layoff makes it one more in a series of US technology companies cutting jobs or slowing hiring amid global economic slowdown.
Several tech companies including Meta Platforms Inc, Twitter Inc and Snap Inc have cut jobs and stopped hiring in recent months due to global economic slowdown.
Meta recently laid off a group of 60 contractors who were reported to be selected at random by an algorithm.
On August 31, 2022, Snap had announced its plan to reduce its headcount by approximately 20% of its global full-time employees.