The exemptions planned by Microsoft were not officially announced in a press release or in SEC documents. However, in a statement for CNBC, reports on the reduction of global employment of the company by 3 percent. confirmed the spokesman for Microsoft.
By the whole world, Microsoft employs approximately 228,000 employeeswhich means that the current wave of layoffs It will affect about 6740 people. It will be the largest reduction of jobs since the liquidation of 10,000 positions that took place at the beginning of 2023.
As a reason for these drastic hiring cuts, the technological giant gave the need to implement organizational changes necessary to achieve success on a dynamically developing market.
“We continue implementing organizational changes necessary for the best positioning of the company in order to achieve success on the dynamic market,” said Microsoft spokesman in a statement for CNBC.
Two -digit sales growth
The cuttings of full -time jobs that Microsoft currently performs do not result from the company’s poor financial condition. Just a few weeks ago Microsoft presented good financial results. Revenues achieved USD 70.1 billion, which is an increase of 13 percent., while revenues from the services of processing in Azure and other cloud services increased by 33 percent. year on yearwhich is a better result than some analysts predicted. Almost half of this height in the cloud came from AI loads.
Not only Microsoft slows down
From 2023, the technology industry has undergone a thorough reset of the labor market, when Amazon, Meta and Google began Limit the phenomenon referred to as an overgrowth of employment in the era of pandemic.
In several waves Amazon released a total of over 27,000 employees, The finish line released over 21,000 employees, and Microsoft liquidated 10,000 work positions.
