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Microsoft To Start Laying Off Workers From Today: Report

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Microsoft

Microsoft

Microsoft is getting ready to slash more jobs from its worldwide workforce as software companies continue to reduce staff numbers to weather the recent economic crisis. The legendary name in the computer firm may report layoffs in its engineering departments as soon as Wednesday. Microsoft will not comment on what it referred to as “rumor,” a spokeswoman for the company told AFP.

The Washington-based firm, which according to industry watchers, employs over 220,000 people, decreased its workforce twice last year. A week before Microsoft is scheduled to publish its profits for the final three months of last year, a new layoff report will be made.

“Over the last few weeks we have seen significant headcount cut reduction from stalwarts Salesforce and Amazon,” Wedbush judge Dan Ives said in a note to investors.

“Many of these companies were spending money like 1980’s Rock Stars and now need to reign in the expense controls ahead of softer (macro-economic conditions),” Ives wrote.

Earlier in January, the online retail giant Amazon revealed its decision to stop more than 18,000 positions from its employees, blaming “the uncertain economy” and the fact that it had “hired swiftly” during the pandemic. The job-cutting exercise is the most significant among current layoffs that have hit the hitherto unstoppable US tech sector, including giants like Facebook owner Meta.

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