According to several reposts, an American multinational technology corporation, Microsoft has conducted a third round of layoffs.
The roles that have been impacted include the areas of the supply chain, Artificial Intelligence (AI), and the Internet of Things (IoT). The reports suggest that the company has shut down its AI-powered automation effort Project Bonsai and laid off the team.
These layoffs are part of “10,000 job cuts” that were announced by the company to be conducted worldwide due to the global economic slowdown.
Earlier, Microsoft had planned to cut several engineering divisions. The company employs 220,000 full-time employees, including 122,000 in the United States and 97,000.
The Layoff pattern in Microsoft: The Job cuts have been across various levels, functions, teams, and geographies.
- In January, Microsoft informed Washington state that 878 employees were cut. The total number of affected employees in the state was 2,184.
- Earlier in October, the company laid off under 1,000 employees across several divisions. The job cuts impacted less than 1 percent of the company’s workforce.
The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession.
Tech companies have either frozen the hiring process or laid off many employees. The major companies that laid off employees include Infosys, Amazon, Google, Microsoft, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally.
So far in 2023, there have been 631 layoffs at tech companies with 164,273 people impacted (2,282 people per day). In 2022, there were 1,535 layoffs at tech companies 241,176 people were impacted.
Disney laid off 7,000 employees to make the business more profitable. Recently, Zoom also announced to sack of 1300 employees or roughly 15 percent of the company’s workforce. Additionally, the Zoom CEO’s salary is to be reduced by 98%.
Earlier in November, Amazon announced that will be layoff 10,000 employees. However, the company further added 8,000 employees, and the total layoffs were announced as 18,000 employees. On the other hand, Google sacked roughly 12,000 staff and Salesforce laid off 7,000 employees.
