Wednesday, January 18th 2023
Microsoft to Reduce its Workforce by 5%, Almost 11,000 Jobs Impacted
Amidst the global economic downturns, Microsoft is reportedly joining other tech giants in reducing the amount of the company's working staff. According to Sky News, citing its sources, Microsoft will lay off as many as 5% of its workers. The company's massive team of over 220,000 employees will affect a large group estimated to be close to 11,000 people. In addition, Sky News' Wall Street Analyst source suggests that the people familiar with the matter would not be surprised if the reported figure is higher. If finalized, the decision is expected to be made official by Microsoft's chairman and CEO, Satya Nadella, on January 24.
The company's current market capitalization is $1.79 trillion, making it one of the world's most valuable companies. However, more than the investment in expanding Azure cloud services is needed to offset the stagnating consumer segment where Microsoft dominates with its Windows and Office services, so the company is forced to cut a part of its workforce. We don't have exact details on which segment is getting the highest deduction in staff; however, we expect to hear more at the company's Q4 2022 results call on January 24.
Source:
Sky News
The company's current market capitalization is $1.79 trillion, making it one of the world's most valuable companies. However, more than the investment in expanding Azure cloud services is needed to offset the stagnating consumer segment where Microsoft dominates with its Windows and Office services, so the company is forced to cut a part of its workforce. We don't have exact details on which segment is getting the highest deduction in staff; however, we expect to hear more at the company's Q4 2022 results call on January 24.
28 Comments on Microsoft to Reduce its Workforce by 5%, Almost 11,000 Jobs Impacted
What makes sense for individual corps is poison for the whole economy.
After this round, do you think they'll have anyone left in their QC department?
The fear of a serious global economic downturn has a domino effect. It causes consumers to cut back on spending which causes companies to have less revenue which results in further layoffs.
They always praise them whenever revenue is (which due to the people actually working, and economic fluctuations), it stands to reason they should take the blame when it's the opposite.
Only priorities ms has is pushing onedrive storage/ office and xbox yearly subscriptions
They don't need a lot of people to do that
Hell most have been working from home for years only question is, have they been using the dreadful teams app all this time :laugh:
A skeleton QC team remains for Office.
Today's Microsoft is focused on their Azure and Xbox businesses.
Oh...wait.... ;-)
Not sure why anyone would pay ms prices for an os ..10-11 "or office suite" which is north of freaking insane at 140.us for sheep home version and 200.us for pro :laugh:
So yeah 10.us+- at TPU godeal24 it is, there are many other sites also I've used in the past besides them that were a fraction ms charges ;)
www.techpowerup.com/forums/threads/godeal24-unveils-the-2023-new-year-flash-sale-jaw-dropping-discounts-on-software.303156/