Microsoft plans to chop hundreds of jobs with some roles expected to be eliminated in human resources and engineering divisions, in response to media reports on Tuesday.
The expected layoffs could be the most recent within the US technology sector, where firms including Amazon and Meta Platforms have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.
Microsoft’s move could indicate that the tech sector may proceed to shed jobs.
“From an enormous picture perspective, one other pending round of layoffs at Microsoft suggests the environment will not be improving, and certain continues to worsen,” Morningstar analyst Dan Romanoff said.
UK broadcaster Sky News reported, citing sources, that Microsoft plans to chop about 5% of its workforce, or about 11,000 roles.
The corporate plans to chop jobs in quite a lot of engineering divisions on Wednesday, Bloomberg News reported, in response to an individual conversant in the matter, while Insider reported that Microsoft could cut recruiting staff by as much as one-third.
The cuts might be significantly larger than other rounds up to now 12 months, the Bloomberg report said.
Microsoft declined to comment on the reports.
The corporate had 221,000 full-time employees, including 122,000 in the US and 99,000 internationally, as of June 30, in response to filings.
Microsoft is under pressure to take care of growth rates at its cloud unit Azure, after several quarters of downturn within the laptop computer market hurt Windows and devices sales.
It had said in July last 12 months that a small variety of roles had been eliminated. In October, news site Axios reported that Microsoft had laid off under 1,000 employees across several divisions.
Shares of Microsoft, which is about to report quarterly results on Jan. 24, were marginally higher in late afternoon trading.
Microsoft plans to chop hundreds of jobs with some roles expected to be eliminated in human resources and engineering divisions, in response to media reports on Tuesday.
The expected layoffs could be the most recent within the US technology sector, where firms including Amazon and Meta Platforms have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.
Microsoft’s move could indicate that the tech sector may proceed to shed jobs.
“From an enormous picture perspective, one other pending round of layoffs at Microsoft suggests the environment will not be improving, and certain continues to worsen,” Morningstar analyst Dan Romanoff said.
UK broadcaster Sky News reported, citing sources, that Microsoft plans to chop about 5% of its workforce, or about 11,000 roles.
The corporate plans to chop jobs in quite a lot of engineering divisions on Wednesday, Bloomberg News reported, in response to an individual conversant in the matter, while Insider reported that Microsoft could cut recruiting staff by as much as one-third.
The cuts might be significantly larger than other rounds up to now 12 months, the Bloomberg report said.
Microsoft declined to comment on the reports.
The corporate had 221,000 full-time employees, including 122,000 in the US and 99,000 internationally, as of June 30, in response to filings.
Microsoft is under pressure to take care of growth rates at its cloud unit Azure, after several quarters of downturn within the laptop computer market hurt Windows and devices sales.
It had said in July last 12 months that a small variety of roles had been eliminated. In October, news site Axios reported that Microsoft had laid off under 1,000 employees across several divisions.
Shares of Microsoft, which is about to report quarterly results on Jan. 24, were marginally higher in late afternoon trading.
