Microsoft is set to cut its global workforce by 3%, equivalent to over 6,500 employees, marking one of its largest staff reductions since previous layoffs in 2023. Despite reporting strong revenue and profit growth in April, the company is streamlining its workforce across all levels and teams. The spokesperson emphasized that these layoffs are not performance-related, in contrast to cuts made in earlier layoffs. This move mirrors a broader trend of significant layoffs within the tech industry, affecting major companies like Amazon and Meta.
In April, Microsoft reported a solid quarter of $70.1 billion in revenue and net income profits of $25.8 billion, which was better than analysts expected.
The company also had layoffs back in January, though Microsoft stated those were performance-based, while the new cuts are not performance-related.
Collection
[
|
...
]