As part of a 'realignment,' Microsoft will lay off some of its workforce

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Microsoft today became the latest Big Tech company to cut jobs during a period of mounting economic uncertainty.

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Microsoft's 180,000-person workforce is reportedly affected by the layoffs by less than 1%

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“Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,”

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According to Microsoft, the company announced strong third-quarter earnings, with cloud revenue increasing by 26% year-over-year and overall revenue reaching $49.4 billion.

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In early June, the company revised its Q4 revenue and earnings forecasts downward due to foreign exchange fluctuations.

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Startups in capital industries, such as delivery, events, & fintech, have been most affected.

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The hiring pace at other publicly traded tech companies slowed during the spring, including Nvidia, Lyft, Snap, Uber, Spotify, Intel, and Salesforce

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Amazon, IBM, and Google have not taken similar steps

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As part of a 'realignment,' Microsoft will lay off some of its workforce

Microsoft today became the latest Big Tech company to cut jobs during a period of mounting economic uncertainty.

Microsoft's 180,000-person workforce is reportedly affected by the layoffs by less than 1%

“Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,”

Microsoft told Bloomberg

According to Microsoft, the company announced strong third-quarter earnings, with cloud revenue increasing by 26% year-over-year and overall revenue reaching $49.4 billion.

In early June, the company revised its Q4 revenue and earnings forecasts downward due to foreign exchange fluctuations.

Startups in capital industries, such as delivery, events, & fintech, have been most affected.

Recent months, layoffs have accelerated within the tech sector as investors fearing a recession pull back.

The hiring pace at other publicly traded tech companies slowed during the spring, including Nvidia, Lyft, Snap, Uber, Spotify, Intel, and Salesforce

Amazon, IBM, and Google have not taken similar steps

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Latest Stories!

As part of a 'realignment,' Microsoft will lay off some of its workforce

Microsoft today became the latest Big Tech company to cut jobs during a period of mounting economic uncertainty.

Microsoft's 180,000-person workforce is reportedly affected by the layoffs by less than 1%

“Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,”

Microsoft told Bloomberg

According to Microsoft, the company announced strong third-quarter earnings, with cloud revenue increasing by 26% year-over-year and overall revenue reaching $49.4 billion.

In early June, the company revised its Q4 revenue and earnings forecasts downward due to foreign exchange fluctuations.

Startups in capital industries, such as delivery, events, & fintech, have been most affected.

Recent months, layoffs have accelerated within the tech sector as investors fearing a recession pull back.

The hiring pace at other publicly traded tech companies slowed during the spring, including Nvidia, Lyft, Snap, Uber, Spotify, Intel, and Salesforce

Amazon, IBM, and Google have not taken similar steps

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