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Microsoft is reportedly about to lay off 3% of its workforce

a year ago
  • #Big-Tech
  • #Microsoft
  • #Layoffs
  • Microsoft is reducing its global workforce by 3%, affecting over 6,500 employees.
  • This is one of the largest staff reductions since the 10,000 layoffs in 2023.
  • A Microsoft spokesperson cited organizational changes for success in a dynamic marketplace.
  • Despite strong Q2 revenue ($70.1B, up 13%) and net income ($25.8B, up 18%), layoffs are proceeding.
  • Layoffs will impact all levels, locations, and teams, unlike January's performance-based cuts.
  • Big Tech, including Amazon and Meta, has seen massive layoffs in the past year.