.Microsoft cuts hundreds of jobs amid widespread tech layoffs
The software company confirmed on Monday that it was laying off several workers to lower costs. While the company declined to say how many workers were to be laid off, the number is expected to be under 1,000, according to Axios. The job cuts will be spread across several levels, teams, and offices worldwide."Like all companies, we evaluate our business priorities regularly and make structural adjustments accordingly.
We will continue to invest in our business and hire in key growth areas in the year ahead," Microsoft said in a statement.The layoffs arrived a week after Microsoft announced its newest version of its Surface laptop and its partnership with Meta to bring popular office software such as Teams and Office to the virtual reality market.Microsoft is the latest company to cut jobs amid a declining tech market.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft lays off nearly 1,000 employeesMicrosoft's move marks the latest sign of weakness among some of the largest U.S. tech companies amid persistent inflation, recession fears, and stock market woes.
Read more »
Even Microsoft Can't Avoid Tech LayoffsNew reports claim Microsoft laid off less than 1,000 workers spread out across various business segments and regions this week.
Read more »
Microsoft reportedly lays off hundreds of employees | EngadgetMicrosoft is the latest big player in tech to lay off workers..
Read more »
Microsoft becomes latest tech firm to cut staffMost big tech firms have already slowed or frozen hiring.
Read more »
Microsoft to cut nearly 1,000 jobs: reportsMicrosoft Corp. is laying off nearly 1,000 workers across multiple divisions, according to news reports Monday.
Read more »