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Microsoft to cut 10.000 jobs.

 

Microsoft

Microsoft has become the latest significant tech com­pany to reverse a pandemic era hir­ing spree in the face of a slow­ing eco­nomy, as it announced plans to shed 10,000 work­ers by the end of March, or nearly 5 percent of its staff. Des­pite mak­ing its first com­pany ­wide job cuts in years, the move was less swinge­ing than job reduc­tions at some of Microsoft’s rivals. This month, Amazon announced plans to cut 18,000, while soft­ware rival Sales force, which had almost 80,000 employ­ees at the end of Octo­ber, said it would cut 10 percent of its staff. Face­book and What­s­App par­ent Meta noted late last year it would cut about 13 percent of its work force.


The job cuts come amid a sharp slow­down in Microsoft’s rev­enue growth since the middle of last year. Rev­enue rose 18 per cent in its previous fin­an­cial year, to the end of June, as a pan­demic-led explo­sion in remote work and other changes boos­ted demand for new PCs and cloud-com­put­ing ser­vices. Microsoft is expec­ted to report growth of only 2 per cent in its earn­ings next week. Des­pite the cuts, Nadella said that Microsoft would keep hir­ing and sig­nalled another big wave of invest­ment as the soft­ware group tries to take the lead in a new wave of tech­no­logy based on the latest advances in arti­fi­cial intel­li­gence.

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  1. Ashton19 January 2023 at 11:00

    Why is Microsoft firing so many people? I'm pretty sure they have the money to sustain these 10,000 people for at least 4-5 years.

    ReplyDelete
    Replies
    1. Kevin19 January 2023 at 11:13

      Especially since they did very well during the pandemic. PC games, PCs and other related devices have been selling very well since 2020.

      Delete
    2. Nate19 January 2023 at 13:02

      Maybe these layoffs also have something to do with the productivity levels of these 10,000? I mean, Nadella said that Microsoft would keep hiring so maybe they are weeding out the good from the not so good?

      Delete
    3. Miguel19 January 2023 at 16:50

      Even if Microsoft's revenue has declined I still don't think they should have fired so many people. 10,000 is a big number. Then add that up to what Amazon, Meta, Sales Force and others are doing and we have a lot of people without a job.

      Delete
  2. Tom19 January 2023 at 17:46

    I dislike companies having to fire people but in the current times this needs to happen. I don't know if 10,000 is a big number for Microsoft and if they needed to lay off so many people, but current times demand it I think. I just hope that the remaining people are treated better and have more job security.

    ReplyDelete

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