Page 4 - Microsoft Layoffs News Today

Chris Capossela just cashed in iver $4 million worth of Microsoft stock

Microsoft’s decision to not raise salaries for full-time employees this year has been described as a “slap in the face” by one software engineer working with the tech giant.

LinkedIn CEO Ryan Roslansky said the move to cut roles in its sales, operations and support teams was aimed at streamlining the company's operations.

LinkedIn CEO Ryan Roslansky said the move to cut roles in its sales, operations and support teams was aimed at streamlining the company’s operations.

In January, Microsoft said it would let go of 10,000 workers, adding to the tens of thousands layoffs announced before that across the technology sector as it deals with slowing growth in a turbulent economy.

Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported, citing an internal email by CEO Satya Nadella

LinkedIn generates income through ad sales and subscriptions to recruiting and sales professionals using the network to find potential employees

Intel cited the need to accelerate its strategy in a challenging macroeconomic environment while still investing in areas core to its business

Layoffs: LinkedIn is set to cut 716 jobs and close down its China-focused job application. LinkedIn employs around 20,000 employees, which translates the fresh job cuts to around 3.5%. Watch this Visual Story to know all about Google, Microsoft layoffs.

As tech layoffs continue unabated amid the global meltdown, Apple CEO Tim Cook has said that mass layoffs are a "last resort" for him.