11,000 Microsoft employees will lose their jobs this week

by nativetechdoctor
2 minutes read

Microsoft may announce large-scale layoffs in the next few days, with a reduction of up to 5% of the total workforce of 220,000 employees at the company.

According to Engadget, the news was first reported by Sky and later corroborated by Bloomberg. Sky reports that this 5% cut is equivalent to about 11,000 employees. Although Bloomberg said it could not confirm the size of the layoffs, it is believed to affect some engineering departments and is significantly larger than other job cuts made by Microsoft in the past year. past year.

A Microsoft spokesperson is not currently available to comment on rumors and speculation, but if the 11,000 layoffs are accurate, it would be roughly the same number of employees Meta laid off last year and less. ‘s massive layoffs That’s far more than the 18,000 employees expected in Amazon.

It is known that in the first two years of the Covid-19 pandemic, Microsoft saw profits skyrocket. The company capitalized on this moment by ramping up hiring with the addition of 50,000 employees in that same timeframe. However, in October 2022, Microsoft CEO Satya Nadella warned of the company being forced to tighten its business due to worsening macroeconomic conditions.

Speaking to reporters at the time, Nadella said Microsoft’s goal was to focus on helping corporate customers do more for less, while investing in areas of long-term growth. and manage the company’s cost structure in a disciplined manner. Microsoft is expected to release its final quarterly financial report for 2022 on January 24.

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