• 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
  • Some consumers are punting big purchases like pools and mattresses
  • Telit Cinterion Expands 5G Module Portfolio with the FE990 for Residential Broadband, Industrial IoT and Private Enterprise Networks
  • Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
  • See how the prices have changed for popular grocery items
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

The rental and leasing car telematics market is expected to...

February 18, 2023

Quectel Continues to Drive Digital Transformation With Advanced Smart Module,...

January 6, 2023

Trump commutes sentence of Ozy Media founder Carlos Watson

March 29, 2025

SEC charges ‘Cash Flow King’ podcaster in $11 million Ponzi...

September 26, 2023

Home sales slipped unexpectedly in April despite big gains in...

May 23, 2024

Law firm rescinds job offers to Harvard students who signed...

October 18, 2023

A Burt’s Bees, Hidden Valley Ranch lip balm collaboration has...

January 20, 2024

Maker of Hershey’s, Jeni’s, and Friendly’s ice cream products issues...

June 26, 2024

A lack of child care is keeping this 43-year-old mother...

July 8, 2024

Average credit card balances jump 10% to a record $6,360...

February 9, 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

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

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

      June 27, 2024 2,919 views
    • 3

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

      August 9, 2024 2,607 views
    • 4

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

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,449 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

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

      June 25, 2024
    • 2

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

      June 27, 2024
    • 3

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

      August 9, 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

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    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

    Walmart rolls out new training programs...

    June 6, 2024

    Trump could scale back Canada, Mexico...

    March 5, 2025

    JPMorgan to pay $75 million to...

    September 27, 2023
    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