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Microsoft Announces Layoff of Up to 9,000 Employees

share-iconPublished: Wednesday, July 02 share-iconUpdated: Thursday, July 03 comment-icon5 months ago
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CHANNELNEWSASIA 2 BLOOMBERG CBSNEWS INDIATIMES
Microsoft Announces Layoff of Up to 9,000 Employees

Credited from: BLOOMBERG

  • Microsoft is set to lay off about 9,000 employees.
  • This reflects a 4% reduction of its global workforce.
  • The layoffs are part of a strategy to control costs, especially in sales.
  • These cuts follow previous layoffs of over 6,000 employees earlier this year.

Microsoft is laying off up to 9,000 employees, which is about 4% of its workforce, in a significant restructuring move aimed at controlling costs, according to Bloomberg.

This decision comes after the company had previously terminated over 6,000 jobs in prior months and is part of efforts to pivot towards artificial intelligence while maintaining efficiency, as reported by CBS News and India Times.

The layoffs will be felt across various teams and regions, as Microsoft aims to flatten its organizational structure further, a method previously stated by its Chief Financial Officer, according to Channel News Asia and Channel News Asia.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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