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Microsoft Layoff: Microsoft in preparation for retrenchment, sword hanging on the job of 11 thousand employees

Nisha ChawlaBy Updated:No Comments2 Mins Read

Microsoft Layoff News: As soon as 2023 begins, many companies have announced layoffs and now software company Microsoft has also made preparations to show its employees the way out of the company on a large scale.

Microsoft Layoff News: Learn details

Image Credit source: AFP

The phase of retrenchment has started since last year, after many big companies including Twitter, Amazon, Meta, Ola, now the software company Microsoft is going to show its employees the way out of the company on a large scale from today. Reuters has given this information quoting Sky News. According to Reuters report, Microsoft has prepared a plan to reduce its company by 5 percent (about 11 thousand employees). This means that the layoffs starting today in Microsoft are going to affect 11,000 employees.

For the information of people, let us tell you that the effect of retrenchment in Microsoft will be done in the engineering department. This decision of the company will affect thousands of employees. According to information received from media reports, the layoffs in Microsoft will be seen in the American technology sector.

What is the reason for layoff?

According to Reuters report, the personal computer market has been declining for several quarters due to which Windows and device sales have suffered, due to which the company is under pressure to maintain the growth rate in its cloud unit Azure.

Remind that in July last year, Microsoft showed some employees the way out of the company. In October 2022, a news site Axios report revealed that Microsoft has sacked about 1000 employees from different departments.

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She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.

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