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TL; DR: Microsoft, having reportedly just announced a new policy to give its US employees unlimited paid time off, will cut its global workforce by about 10,000 people. The Windows maker has been one of the few tech giants that hasn’t made major job cuts recently, but that looks set to change.
Sky News says that Microsoft will announce the layoffs in a few days. It wrote that its global workforce of more than 221,000 people, 122,000 of whom are full-time employees in the United States, will be cut by about 5%, or about 10,000 jobs, although the final figure could is even higher. The cuts will reportedly affect a number of engineering departments.
Microsoft has made previous layoffs in the past 12 months, including layoffs that affected fewer than 1,000 employees in October, although they were on a much smaller scale than other technology firms and affected less than 1 percent of the total workforce.
Like other companies, Microsoft increased the number of employees during the pandemic to cope with the sudden increase in the number of people who work/study at home and need the company’s products. Now that the economy is stagnant and consumer demand is falling, these firms are cutting their workforces.
Microsoft’s US employees had an up-and-down week. The company’s director of human resources, Kathleen Hogan, recently announced that all employees in the United States will receive unlimited paid leave, as well as ten corporate holidays, vacations, sick/mental health leave and jury or bereavement leave.
Microsoft is expected to announce job cuts before reporting earnings on Jan. 24, when it expects its slowest revenue growth since fiscal 2017.
Working in technology is not a very safe profession right now. In the first week of this month, there were more layoffs in the industry than for the whole december, including confirmation from Amazon that it will lay off 18,000 employees. The past year has been difficult for employees; Twitter, HP, Meta, Lyft, Snap, Robinhood and many others have announced layoffs.
TL; DR: Microsoft, having reportedly just announced a new policy to give its US employees unlimited paid time off, will cut its global workforce by about 10,000 people. The Windows maker has been one of the few tech giants that hasn’t made major job cuts recently, but that looks set to change.
Sky News says that Microsoft will announce the layoffs in a few days. It wrote that its global workforce of more than 221,000 people, 122,000 of whom are full-time employees in the United States, will be cut by about 5%, or about 10,000 jobs, although the final figure could is even higher. The cuts will reportedly affect a number of engineering departments.
Microsoft has made previous layoffs in the past 12 months, including layoffs that affected fewer than 1,000 employees in October, although they were on a much smaller scale than other technology firms and affected less than 1 percent of the total workforce.
Like other companies, Microsoft increased the number of employees during the pandemic to cope with the sudden increase in the number of people who work/study at home and need the company’s products. Now that the economy is stagnant and consumer demand is falling, these firms are cutting their workforces.
Microsoft’s US employees had an up-and-down week. The company’s director of human resources, Kathleen Hogan, recently announced that all employees in the United States will receive unlimited paid leave, as well as ten corporate holidays, vacations, sick/mental health leave and jury or bereavement leave.
Microsoft is expected to announce job cuts before reporting earnings on Jan. 24, when it expects its slowest revenue growth since fiscal 2017.
Working in technology is not a very safe profession right now. In the first week of this month, there were more layoffs in the industry than for the whole december, including confirmation from Amazon that it will lay off 18,000 employees. The past year has been difficult for employees; Twitter, HP, Meta, Lyft, Snap, Robinhood and many others have announced layoffs.
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