Microsoft this week carried out a new round of layoffs as part of the latest headcount reductions implemented by the Redmond tech giant this year.
The job cuts impacted multiple teams and geographies. Microsoft declined to provide details on how many employees were laid off.
LinkedIn posts from affected employees show job cuts affecting employees in product and program management roles.
““Organizational and personnel adjustments are a necessary and regular part of running our business,” a spokesperson said in a statement. “We will continue to prioritize and invest in strategic growth areas for our future and to support our customers and partners.”
Microsoft’s 2024 fiscal year ended on June 30. It’s not uncommon for Microsoft to restructure parts of its business at the start of a new fiscal year.
Last month, Microsoft cut about 1,000 jobs across the company, including at its Azure cloud unit and its HoloLens mixed reality organization.
Microsoft laid off nearly 2,000 employees in January in its gaming division, three months after the tech giant completed its $69 billion acquisition of Activision Blizzard, the company’s largest acquisition ever.
The cuts come as Microsoft tries to maintain its profit margins amid higher capital spending designed to provide the cloud infrastructure needed to train and deploy the models that power AI applications.
Microsoft’s workforce surged during the pandemic but has leveled off over the past two years. The company employed about 227,000 people worldwide at the end of calendar 2023, down from 232,000 a year earlier, according to figures tracked by GeekWire based on regulatory filings and earnings calls.
News Source : www.geekwire.com
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