An American multinational technology corporation, Microsoft has recently laid off 276 employees in a new job cut round.
A Microsoft spokesperson stated, “Organisational and workforce adjustments are a necessary and regular part of managing our business.”
“We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners,” the statement added.
According to GeekWire, 276 people in its home state of Washington are impacted. The company announced the downsizing in January 2023, which resulted in 10,000 job cuts at the company.
Recently, Meta (formerly named Facebook) CEO Mark Zuckerberg has written a letter to his employees explaining that this Year is a year of Efficiency.
Microsoft has conducted earlier layoffs that have impacted the roles including 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.
Earlier, Microsoft had planned to cut several engineering divisions. 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 1,218 layoffs at tech companies with 316,623 people impacted (1,649 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day).