Microsoft reportedly lays off up to 1,000 employees across multiple divisions. It now seems that Microsoft is the latest company to cut jobs as the sales of PC decline and an economic downturn is looking inevitable.
Microsoft Reportedly Lays Off Up To 1,000 Employees Across Multiple Divisions
Currently, Microsoft is cutting jobs but will however continue to hire in ‘key growth areas,’ a spokesperson from the company on Tuesday confirmed to CNET. This development is coming as consumer demand for PCs and tablets cools, and also as tech companies brace up for a wider global economic downturn.
And although the tech company did not confirm the number of jobs that it cut, the layoffs affected close to across the firm and this is inclusive of the Xbox gaming division as per multiple reports.
Microsoft’s Statement about the Staff Layoff
Citing urgency for structural adjustments after an evaluation of its priorities business-wise, Microsoft is now the most recent tech firm to cut off staff in the face of slowing growth. Meta, Google, and Intel have all recently resorted to staff reductions, many reports have indicated.
“Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” in an emailed statement, a spokesperson from Microsoft told CNET. “We will continue to invest in our business and hire in key growth areas in the year ahead.”