American multinational technology corporation, Microsoft has announced that it will be slashing some jobs because it realigned enterprise teams and roles after the shut of its fiscal 12 months on June 30.
Microsoft will let go “small number of employees” due to a “strategic alignment. The layoffs, affect lower than 1 percent of this total workforce of 180,000.
Microsoft is still planning to “grow headcount in the year ahead.” The company also mentioned that it plans to maintain hiring for different roles and end the present fiscal 12 months with an elevated headcount.
A Microsoft spokesperson said in a statement, “Today we notified a small number of employees that their roles have been eliminated. This was a result of a strategic realignment, and, like all companies, we evaluate our business on a regular basis. We continue to invest in certain areas and grow headcount in the year ahead.”
“In the present day, we had a small variety of function eliminations. Like all firms, we consider our enterprise priorities frequently and make structural changes accordingly. We are going to proceed to put money into our enterprise and develop headcount general within the 12 months forward.”
Microsoft has also slowed hiring in the Windows, Teams, and Office groups. The company last month revised its Q4 revenue and earnings guidance downward.
It reported strong earnings in its third quarter, with a 26% jump (on-year) in cloud revenue and overall revenue of $49.4 billion.
Microsoft believes technology can and should be a force for good and that meaningful innovation contributes to a brighter world in the future and today. The company has a mission to empower every person and every organization to achieve more.
