Sign up, it's free
Friday, September 20, 2024

Microsoft Announces Additional Layoffs Amidst Fiscal Year Start


  • Tuesday, July 11, 2023

Key Points 

  • Microsoft announces new layoffs amid fiscal year start
  • Tech industry sees reduced hiring, including Microsoft
  • Layoffs in Washington and impact on salespeople

 

A week after the start of its 2024 fiscal year, Microsoft announced Monday that it is laying off more employees.

The reductions are in addition to the 10,000 layoffs caused by the downsizing that was announced in January. This time last year, the software developer also made a limited number of cutbacks. The most recent cutbacks were covered by GeekWire earlier today.

This year, prominent technological companies like Amazon, Google, and others have reduced hiring after doing so quickly in response to the Covid-19 pandemic's soaring demand. Microsoft recently stated that customers are seeking ways to reduce their cloud computing expenses.

The amount of the most recent round's reductions was not made explicit by a Microsoft official. CEO Satya Nadella announced in a memo that the business would modify its hardware lineup and combine leases in January.

Microsoft announced Monday that it would lay off 276 employees in Washington, where it is based. 66 of them are virtual.

Salespeople and customer success agents announced their job losses by posting posts on social media.

you may also like