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HomeLatest NewsThe technology crisis worsens: Microsoft prepares another wave of layoffs

The technology crisis worsens: Microsoft prepares another wave of layoffs

Date: May 31, 2023 Time: 15:44:40

The North American multinational services Microsoft is going to announce this Wednesday another wave of new layoffs within the company, according to what the main American computer media have indicated. The Sky News television channel has advanced that these measures will affect more than 11,000 workers, although no official figure is yet known.

Last July, Microsoft notified a round of layoffs that affected 1% of its workforce, which had a total of around 180,000 employees, as a result of a “strategic readjustment” at the beginning of its new fiscal year. In this way, some cuts began within the company, which currently have not ended.

In this context, the Sky News television channel has indicated that, if confirmed, the workforce adjustment plan will probably be announced before the company presents its quarterly accounts on January 24. For its part, Bloomberg noted, citing anonymous sources familiar with the situation, that the multinational plans to eliminate jobs in various engineering divisions.

In official terms, next Tuesday, the technology giant will announce the results for the second quarter of its 2023 financial year, after earning 17,556 million dollars in the first, 14% less, weighed down by higher costs. If we take these facts as precedents, the results of the next quarter could not have reversed the effects of this crisis within the company.

In 2022 alone, some 150,000 employees of a thousand great technologies in the world were laid off in a year that began with the best omens and which, however, ended with a “black” November after the announcements of massive departures in relevant companies similar to Amazon, Meta and Twitter.

In this way, Microsoft would be the last big company in the sector that would bet on cutting its staff massively, although all sources suggest that the next cuts by Bill Gates’ company will far exceed the rest of the reductions made so far.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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