According to the most recent speculations, there will likely be some layoffs at Microsoft soon. Thousands of positions will apparently be terminated as a result of the company’s planned announcement of massive employment cuts tomorrow, according to sources. Sky News reports that the corporation is considering reducing its employment by about 5%, which would result in more than 10,000 layoffs among its more than 220,000 workers.
It has not yet been determined whether this statistic is correct; some analysts believe the actual number may be greater. Furthermore, it is not yet known if any positions located in the UK will be impacted by these reductions.
Microsoft, a business with a market capitalization of $1.78 trillion and significant investments in cloud computing, is scheduled to release its second-quarter financial results the following week.
If it goes through, a workforce reduction announcement is anticipated to be made on January 24 before the company’s CEO, Satya Nadella, informs investors on its financial performance.
The Verge reports that Microsoft layoffs are anticipated to be announced on Wednesday, ahead of their quarterly earnings the following week, though Sky News did not provide a specific date.
Impact of Microsoft job cuts to engineering division
A Bloomberg story claims that Microsoft intends to fire 10,000 workers, or around 5% of the workforce. In a blog post published on Wednesday, the business said that it would take a $1.2 billion charge in the second quarter as a result of the change. The software behemoth announced the upcoming layoffs since some regions of the world are experiencing a recession and its clients are becoming cautious.
The business previously suspended new recruits and made employment cuts in October and July 2022. However, the most recent round is anticipated to be more savage. The worsening macroeconomic conditions around the world and the anticipated decrease in the demand for software and services are once more connected to the employment layoffs.
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