First reported by CNBCand Microsoft are laying off 3 % of their global workforce to streamline operations and thin the management structure. The layoffs are not based on performance and will affect all levels, teams and regions of the company.
A Microsoft spokesperson stated in aCNBCstatement that “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace.” this latest round of layoffs followed deep cuts in 2023 when Microsoft had laid off over 10,000 workers
Microsoft and large tech companies have been doing everything they can to weather the current economic climate, which is made more difficult by on and off-again tariffs,FTC antitrust activity, and the need to spend billions of dollarsto compete in the AI racing. Over the last few years, massive layoffs have become acommon occurrence as companies try to reduce the overhiring ofduring the pandemic era. Microsoft has alsoincreased prices on its Xbox consoles,as well asremoved the entry-level Surface Laptops in order to increase profits.
Microsoftannounced earnings last quarter that exceeded expectations in terms of revenue and profit. If you click on a link and buy something, we might earn a commission.
