• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Microsoft to lay off more employees months after letting 10,000 workers go
Editor's Pick

Microsoft to lay off more employees months after letting 10,000 workers go

by July 11, 2023
by July 11, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year.

The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker also disclosed a small number of cuts this time last year. GeekWire reported on the latest cuts earlier Monday.

Amazon, Google and other large technology companies have also scaled back this year after adding headcount rapidly to meet rising demand during the covid pandemic. Microsoft has said in recent months that clients are looking for ways to save money on their cloud computing bill.

A Microsoft spokesperson declined to specify the number of cuts in the latest round. In January, CEO Satya Nadella issued a memo, indicating the company would change its hardware lineup and consolidate leases.

Microsoft filed a notice Monday saying it would cut 276 people in its home state of Washington. Of those, 66 are virtual.

More from CNBC

Charter will offer a cheaper, sports-lite cable TV option to reflect changing landscape Goldman Sachs says India will overtake the U.S. to become the world’s second-largest economy by 2075 HCA Healthcare patient data stolen and for sale by hackers

Salespeople and customer success representatives posted messages on social networks to announce they lost their jobs.

“Organizational and workforce adjustments are a necessary and regular part of managing our business,” the spokesperson said in an email. “We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners.”

This post appeared first on NBC NEWS
You Might Also Like
  • Elon Musk’s Starlink brings internet — and politics — to storm-ravaged areas
  • Russian oligarch’s yacht costs U.S. taxpayers close to $1 million a month
  • Buttigieg says the U.S. should heed ‘warning signs’ to avoid a ‘catastrophic event’ in the skies
  • Target says Pride collection will appear in ‘select’ stores, cuts LGBTQ apparel for kids
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Trump attorneys worry jurors won’t be fair due to 2024 election bid, request judge push classified docs case
next post
The Halftime Show: Screening for the Strongest Oversold Bullish Stocks

You may also like

PGA Tour, Saudi-backed LIV merge in stunning end to bitter...

June 9, 2023

More states are considering requiring full minimum wages for tip...

January 7, 2024

Why everyone is suddenly talking about Nvidia, the trillion-dollar company...

February 25, 2024

‘Stakes are high’ in the Alaska Air flight inquiry, NTSB...

January 8, 2024

Americans grow more confident about the economy, even as the...

January 11, 2024

AMC bets on premium screens as Hollywood slate boasts big...

April 1, 2025

Boeing starts furloughing tens of thousands of employees amid machinist...

September 19, 2024

A ‘mild’ recession is now likely this year, Federal Reserve...

April 15, 2023

UAW members approve 4½-year contract with Detroit’s Big Three

November 17, 2023

‘Inside Out 2’ tops $1 billion at the global box...

July 1, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,632 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Telit Cinterion Expands 5G LPWA Module...

    February 27, 2023

    Amazon will start putting ads in...

    September 24, 2023

    Why some major artists are suddenly...

    June 2, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here