Microsoft

Microsoft Corporation (NASDAQ:MSFT) will reportedly cut 11000 jobs from this week, following fellow tech firms Twitter, Meta...

[axed 11,000 staff](https://www.proactiveinvestors.co.uk/companies/news/997832/facebook-owner-meta-axes-11-000-jobs-as-zuckerberg-admits-he-got-it-wrong-997832.html) in November, a sign of over-investment made during the Covid-19 pandemic, according to owner [ Mark Zuckerberg](https://www.proactiveinvestors.co.uk/companies/news/997832/facebook-owner-meta-axes-11-000-jobs-as-zuckerberg-admits-he-got-it-wrong-997832.html). [cutting 18,000 jobs in early January](https://www.proactiveinvestors.co.uk/companies/news/1002459/amazon-to-cut-18-000-jobs-as-tech-sector-purges-continue-1002459.html), following [10,000 redundancies it made last November](https://www.proactiveinvestors.co.uk/companies/news/998307/amazon-com-set-to-axe-10-000-jobs-new-york-times-998307.html). [the situation is not yet easing for tech firms](https://www.proactiveinvestors.co.uk/companies/news/998404/twitter-meta-and-amazon-mass-job-cuts-mismanagement-or-sign-of-economic-downturn-998404.html), which have been forced to refocus on high-growth areas amid the global economic downturn. [thousands of staff cut](https://www.proactiveinvestors.co.uk/companies/news/998089/twitter-bankruptcy-not-off-the-table-elon-musk-reveals-998089.html) as part of new owner Elon Musk's "extremely hardcore" shake-up. [Microsoft Corporation (NASDAQ:MSFT)](https://www.proactiveinvestors.com/NASDAQ:MSFT/Microsoft-Corporation/) will reportedly cut 11,000 jobs from this week, following fellow tech firms [Meta Platforms](https://www.proactiveinvestors.com/NASDAQ:FB/Meta-Platforms-Inc/) and Amazon in reducing its workforce. It will lay off staff in its engineering and human resources divisions, according to reports from Sky News and Bloomberg, amounting to 5% of its total employees.

Microsoft most recently shrank its workforce in October and July, and has eliminated open positions and paused hiring in various groups. While technology peers ...

Since then, Microsoft's cloud-computing business has fuelled a resurgence in growth, but even that business has begun to decelerate in the past year. A representative for Microsoft declined to comment. have announced cuts by the thousands in the past few months, Redmond, Washington-based Microsoft has so far been taking smaller steps to deal with a worsening global economic outlook and the potential for a protracted slowdown in demand for software and services.

Software giant Microsoft said to be finalising plans to axe 11000 positions, in latest job cull in tech industry All IT news on Silicon.co.uk.

In May 2022 a senior Microsoft executive warned the management of the Windows and Office divisions to This equates to roughly 11,000 jobs. [withdrawing job openings in its Azure and security divisions](https://www.silicon.co.uk/e-management/jobs/microsoft-closing-down-job-openings-report-467926), as its hiring slowdown extends to other divisions. [Bloomberg News reported](https://www.bloomberg.com/news/articles/2023-01-17/microsoft-to-cut-jobs-in-engineering-divisions-this-week), according to a person familiar with the matter. Meanwhile Microsoft plans to cut jobs in a number of engineering divisions on Wednesday, [Sky News has reported](https://news.sky.com/story/microsoft-to-axe-thousands-of-jobs-in-latest-cull-by-tech-giant-12788916) that Microsoft is finalising plans to cut thousands of jobs, with some roles expected to be eliminated in human resources and engineering divisions.

Microsoft is reportedly set to join the likes of Amazon, Salesforce and Google-parent Alphabet in kicking off the new year with job cuts.

It has started this year advertising for a flight attendant for one of its private jets. ](https://www.barrons.com/market-data/stocks/msft) [

Microsoft could announce thousands of job cuts on Wednesday, according to multiple news reports, potentially becoming the latest tech company to cull its ...

Facebook [(FB)](https://money.cnn.com/quote/quote.html?symb=FB&source=story_quote_link) parent Meta also recently announced 11,000 job cuts, the largest in the company’s history. While the overall labor market remains tight, layoffs in the tech sector have mounted at a staggering pace. The [Wall Street Journal](https://www.wsj.com/articles/microsoft-plans-to-announce-layoffs-as-early-as-wednesday-morning-11674001917), also citing a person familiar with the matter, said the layoffs could be announced as soon as Wednesday. [(AMZN)](https://money.cnn.com/quote/quote.html?symb=AMZN&source=story_quote_link) announced that it plans to lay off 18,000 people and Salesforce said it is cutting 10% of its staff. [Bloomberg](https://www.bloomberg.com/news/articles/2023-01-17/microsoft-to-cut-jobs-in-engineering-divisions-this-week?sref=VYQZzSZK), which cited a person familiar with the matter. Multiple tech companies have made deep cuts to their workforces since the start of the year, as inflation weighs on consumer spending and rising interest rates squeeze funding.

American software giant Microsoft to make 11,000 of its workforce redundant partly as a result of reduced demand for its Azure cloud hosting platform.

Marc Benioff admitted to overhiring in the pandemic, which has squeezed the bottom line. An estimated 26,000 employees have been laid off since the start of this year. That said, global spending on software is still set to rise by 9.3 per cent in 2023 to $856bn, [Cloud Computing](/tag/cloud-computing) [Microsoft](/tag/microsoft) [Microsoft Azure](/tag/microsoft-azure) [according to Gartner](https://www.information-age.com/worldwide-it-spending-to-grow-2-4-per-cent-in-2023-forecasts-gartner-123501142/). [Sky News](https://news.sky.com/story/microsoft-to-axe-thousands-of-jobs-in-latest-cull-by-tech-giant-12788916), as big tech reacts to weakening demand.

At least 11000 jobs are expected to be lost at Microsoft this week, as the technology and gaming giant undergoes a fre…

Don't expect to see Starfield or get an update on the company's never-ending attempts to buy Activision Blizzard. Expect to see updates on the new Forza Motorsport, Redfall and Minecraft Legends. [Microsoft previously cut "hundreds" of positions in October](https://www.eurogamer.net/microsoft-layoffs-hit-hundreds-of-staff-including-xbox-division) last year, including some team members working in the company's Xbox division.

The Government has not received any collective redundancy notification for potential job losses at Microsoft, the Department of Enterprise has confirmed.

Salesforce could be reducing its Irish workforce by as much as 200 people as it trims staff by 10pc globally. The company was the biggest user of work permits in 2022, with more than a quarter of the staff recruited from outside the European Economic Area. The digital retailer is informing staff today about job losses.

Computing giant, which employs about 3500 people in Ireland, plans to cut its workforce worldwide.

In October, news site Axios reported that Microsoft had laid off under 1,000 employees across several divisions. Let us know by filling in the form below Amazon too is aiming to cut about 18,000 staff globally while Salesforce, Zendesk and Intercom have laid off staff too. It is not yet clear if LinkedIn will be impacted by the job cuts. In 2020 it This level of cuts would equate to about 175 jobs in Ireland.

Microsoft said today it would cut 10000 jobs by the end of third quarter of fiscal 2023 - less than 5% of its global workforce.

At the end of August, Snapchat let go about 20% of its employees, around 1,200 people. "More broadly speaking, there has been very significant growth in technology jobs over the last two-and-a-half years, well over 30,000, and obviously there's a correction of that going on at the moment in terms of the technology sector worldwide." In a note to staff, Microsoft chief executive Satya Nadella said customers wanted to "optimise their digital spend to do more with less" and "exercise caution as some parts of the world are in a recession and other parts are anticipating one."

Microsoft is reportedly set to cut thousands of jobs worldwide, becoming the latest tech giant after Amazon, Meta and Twitter to announce mass layoffs in.

The company had stockholder equity of $166.5bn. Sky News reports, citing sources, that Microsoft plans to cut around 5% of its global workforce, or around 11,000 jobs. Of the 221,000 Microsoft staff worldwide as of last June, 122,000 were based in the US and a further 99,000 were based internationally.

Microsoft said it's letting go of 10000 employees and taking a $1.2 billion charge as the software maker braces for slower top-line growth.

In 2014, following the acquisition of Nokia's devices and services business, Microsoft [cut 18,000](https://www.sec.gov/Archives/edgar/data/789019/000119312514271285/d758424dex991.htm) people. "If we deliver on this, we will emerge stronger and thrive long into the future; it's as simple as that." [Alphabet](/quotes/GOOGL/), [ Amazon](/quotes/AMZN/) and [Salesforce](/quotes/CRM/) are among the technology companies that have [lowered head count](https://www.cnbc.com/2023/01/04/amazon-says-it-will-cut-over-18000-jobs-more-than-initially-planned.html) in recent weeks. "We will have to also get our own sort of operational focus on making sure our expenses are in line with our revenue growth." "As we saw customers accelerate their digital spend during the pandemic, we're now seeing them optimize their digital spend to do more with less," he wrote. Employees in the U.S. The move will reduce Microsoft's head count by less than 5%, and some employees will find out this week if they're losing their jobs, he wrote. In July Microsoft The contraction comes after demand for cloud computing and collaboration services picked up as enterprises, government agencies and schools encouraged remote work to reduce [Covid](https://www.cnbc.com/coronavirus/) exposure. Now Microsoft and its peers are taking stock. [Microsoft](/quotes/MSFT/) said Wednesday that it's letting go of 10,000 employees through March 31 as the software maker braces for slower revenue growth. [said](https://www.cnbc.com/2022/07/12/microsoft-cuts-small-percentage-of-employees-as-new-fiscal-year-begins.html) it will trim less than 1% of employees, and in October it [confirmed](https://www.cnbc.com/2022/10/18/microsoft-confirms-job-cuts-after-calling-for-growth-to-slow.html) an additional round of job cuts that reportedly affected fewer than 1,000 workers.

Microsoft has confirmed that it will be cutting 10000 jobs worldwide to shrink costs to better match lower revenues and reduced customer demand.

The company was the biggest user of work permits in 2022, with more than a quarter of the staff recruited from outside the European Economic Area. “As a company, our success must be aligned to the world’s success. The digital retailer is informing staff today about job losses.

Microsoft's move could indicate that the tech sector may continue to shed jobs, 3500 of which are in Ireland.

Facebook parent Meta announced widespread job cuts last fall, and beleaguered social network Twitter has slashed about half its workforce. Microsoft has significant operations in Ireland, employing 3,500 people here but the impact on staff here is not yet known. “During the pandemic there was rapid acceleration.

Chief executive Satya Nadella says cuts will cost $1.2bn as tech firms scale back from Covid growth.

In the case of Twitter, that was moving to "a model away from pure advertising", and for Facebook he pointed to its pursuit of the metaverse. The latest 10,000 are expected to be completed by the end of the third quarter of 2023. But Jason Wong, a tech industry analyst with consultants Gartner, warned against assuming redundancies in "enterprise" businesses like Microsoft and Amazon happened for the same reasons as the cuts by big social media firms, some of which had faced additional challenges because of "where they intend to take the business". At the start of this year, Amazon announced that it planned to cut more than 18,000 jobs because of "the uncertain economy" and rapid hiring during the pandemic. Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. That's not to say the sector is stagnating, though - reports suggest Microsoft is considering a $10bn investment in the company behind ChatGPT, the chatbot that's not only captivated the millions of people who have tried it out but is also predicted by some experts to be the future of search.

Amazon, Salesforce and Goldman Sachs have also announced cuts during a brutal January for corporate workers.

The company began notifying affected workers on Wednesday, and plans to complete the layoffs by the Spring, according to the note. The staff reduction announcement on Wednesday comes a week after the tech giant said it would be allowing U.S. One area Microsoft has been focusing on is artificial intelligence. The cuts represent a little less than 5% of Microsoft's global workforce of 221,000 employees. Investment analyst firm Wedbush Securities on Wednesday described the recent spate of layoffs in the tech sector as "a rip off the Band-aid moment to preserve margins and cut costs." Microsoft CEO Satya Nadella said the company is "seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one," in a note to employees posted online and in a

Microsoft has become the latest large tech company to reverse a pandemic-era recruitment spree in the face of a slowing economy, as it announced plans to ...

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Microsoft will take a $1.2 billion charge related to severance costs, hardware portfolio changes, and lease consolidation costs.

According to [the email](https://www.sec.gov/Archives/edgar/data/789019/000119312523009934/d447690dex991.htm), those 10,000 jobs are no longer needed to meet the cloud hyperscaler’s long-term goals or customer demand in light of the continued advancement of [artificial intelligence (AI)](https://www.sdxcentral.com/artificial-intelligence/definitions/what-is-artificial-intelligence/) and shuttered [enterprise](https://www.sdxcentral.com/resources/glossary/enterprise/) spending caused by economic uncertainty. “It’s important to note that while we are eliminating roles in some areas, we will continue to hire in key strategic areas.” Salesforce’s layoffs will impact more than 7,000 employees at the cloud services giant and also includes real estate and office divestitures. “We are committed to ensuring all those whose roles are eliminated have our full support during these transitions,” he explained, citing extended health care coverage, career transitions services, and 60-days notice for U.S.-benefit-eligible employees. [Salesforce](https://www.sdxcentral.com/directory/salesforce/) and [Amazon](https://www.sdxcentral.com/directory/amazon/) [earlier this month](https://www.sdxcentral.com/articles/news/salesforce-amazon-slash-jobs/2023/01/). [wrote in a letter](https://www.sec.gov/Archives/edgar/data/1108524/000110852423000003/ex991-lettertoemployees.htm) to employees. [explained](https://www.aboutamazon.com/news/company-news/update-from-ceo-andy-jassy-on-role-eliminations) in a note shared with employees that “this year’s review has been more difficult given the uncertain economy and that we’ve hired rapidly over the last several years.” He added the cuts would impact more than 18,000 employees, building on the 10,000 [job cuts announced](https://www.aboutamazon.com/news/company-news/a-note-from-ceo-andy-jassy-about-role-eliminations) last November. [cloud provider](https://www.sdxcentral.com/cloud/definitions/what-is-cloud/what-are-cloud-service-providers/) plans to “align our cost structure with our revenue and where we see customer demand,” the CEO wrote. [digital transformation](https://www.sdxcentral.com/industry/career/skills/digital-workforce-transformation-isnt-bad/) budgets, but current economic environments are pushing organizations across industries and geographies to “exercise caution” in terms of tech spending. [invested $1 billion in 2019](https://www.sdxcentral.com/articles/news/microsoft-invests-1b-in-openai-to-build-ai-supercomputing-platform/2019/07/) in OpenAI – the company behind the viral AI natural language processing model ChatGPT – expects the next wave of computing will be “born with advances in AI,” Nadella wrote to employees, suggesting automation and AI are primed to limit Microsoft’s need for human headcount. “We will treat our people with dignity and respect, and act transparently.” [Microsoft](https://www.sdxcentral.com/directory/microsoft/) CEO Satya Nadella sent an email to the company’s nearly quarter-million employees today to explain why the [cloud](https://www.sdxcentral.com/cloud/definitions/what-is-cloud/) provider is [shelling out $1.2 billion](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000789019/000119312523009934/d447690d8k.htm) to lay off slightly less than 5% of its total workforce.