Job cut: Big news! This company is going to lay off more than 6800 employees, the company announced
Microsoft Layoff: Once again, the sword of layoff is swinging in Microsoft and this time more than 6800 employees are going to be laid off. The effect of this layoff is not limited but its heat is going to scorch employees at every level, every team and every place. Check why Microsoft has decided to layoff on such a large scale?
Microsoft Layoff: Microsoft is once again facing layoffs and this time about 3 percent of its global workforce will be laid off. It currently has about 2.28 lakh employees and more than 6800 employees will be laid off from all levels, teams and locations. This will be the biggest layoff at Microsoft after the year 2023. In the year 2023, the company laid off about 10 thousand employees. According to a CNBC report, this layoff is not based on performance. A Microsoft spokesperson told CNBC that this layoff is part of a large-scale change in the company.
This is the reason for layoffs in Microsoft
A Microsoft spokesperson says that it is important for the company to continue to change the organization to succeed in the rapidly changing market. Although Microsoft did not specify which posts or departments the layoffs would affect, it stressed that this is part of a long-term strategy to remain agile and competitive in a rapidly changing market influenced by AI, cloud computing and changing customer demands.
How is the business health
Microsoft’s layoffs have come at a time when there is a wave of layoffs in the tech industry. Just last week, cybersecurity firm CrowdStrike announced the layoff of 5% of its employees, which indicates how even profitable tech giants are adjusting the number of employees according to changing business conditions. Talking about Microsoft, despite the layoffs, it remains financially strong. In the quarter ended in April, Microsoft earned a net income of $25.8 billion.
The post Job cut: Big news! This company is going to lay off more than 6800 employees, the company announced first appeared on informalnewz.
News