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A report by Bloomberg and Reuters suggested that the engineering department and human resources department are expected to be majorly affected by the layoffs. An official figure for the number of job cuts has not yet been provided by the company.
Amid the global uncertainty and massive layoffs, 4 in 5 professionals in India are looking for a new job in 2023, a report showed on Wednesday. 📲 Layoffs: 4 in 5 Professionals in India Looking for New Jobs in 2023 Amid Global Uncertainty and Sackings.
As the company's worldwide expansion slows, Microsoft has stated that it would lay off another 10,000 employees.
Microsoft is firing 10,000 employees, around 5 per cent of its total workforce. Announcing the move, Microsoft CEO Satya Nadella said that while the company is asking some employees to leave, in some other areas it will continue hiring.
This makes Microsoft join other tech giants which have announced job cuts in response to slowing demand and deteriorating economy.