Microsoft to lay off 10,000 employees


Until March 2023, Microsoft plans to cut 10,000 employees due to the deteriorating economic situation. About it declared CEO Satya Nadella Corporation.

“Today, we are making changes that will result in a 10,000 headcount reduction through the end of the third quarter of fiscal year 2023,” the Microsoft CEO said.

That’s less than 5% of the workforce, dispersed around the world, according to Nadella. More than 800 employees have already received relevant notices.

“Importantly, as we remove positions in some areas, we will continue to hire staff in key strategic areas,” Nadella said.

Workers from the United States who fell under the reduction promised to notify 60 days in advance, regardless of legal requirements. They will be able to count on severance pay, continued health insurance and stock vesting within six months. They will also be offered transfer services.

Benefits for non-U.S. employees will be subject to each country’s labor laws.

According to The Vergethe reduction affected the employees of HoloLens, Microsoft Edge, marketing, as well as game studios 343 Industries and Bethesda.

Nadella also said he will take on $1.2 billion in spending in the second quarter of fiscal year 2023, which ends Jan. 25.

“[Издержки] related to severance pay, equipment portfolio changes and rental consolidation costs as we increase workforce density,” he added.

Today, the corporation employs 221,000 people. The latest cut is considered one of the largest in the history of the company. In 2014 Microsoft fired 18,000 peopleof which 12,500 are former employees of Nokia, which the tech giant had previously acquired for $7.2 billion.

Recall that in January 2023, the head of Amazon announced the reduction of 18,000 employees.

In November 2022, Meta announced they were laying off 11,000 people.

In the same month, Twitter executives downsized their ethical AI research team.

Subscribe to CryptoNewsHerald news in Telegram: CryptoNewsHerald AI – all the news from the world of AI!

Found a mistake in the text? Select it and press CTRL+ENTER

Comments (No)

Leave a Reply