Microsoft Layoffs: Microsoft, one of the world’s largest tech companies, is going to take a big decision once again and retrench thousands of employees. This decision has come at a time when the global tech industry is going through a recession and cast cutting. This retrenchment of Microsoft is believed to be the biggest retrenchment after the company’s 2023, which will affect thousands of families.
4% employees were fired
Microsoft has confirmed that it has fired 9,100 out of its total 2.28 lakh employees. That is, the company has reduced about 4% of its total employees. However, it has not been clarified how many of these employees are from the headquarters in Washington, USA. Earlier in May and June, 6,000 employees were trimmed in two phases, of which 2,300 were reported from Washington.
Causes of Sorting: Recession, Cost Cutting and Profit Savement
The company said in its statement that it is taking this decision to make the functioning more effective. Microsoft has taken this major step due to global recession, fall in income and cost control. This step can also affect the company’s sales team, which is already in the possibility of trimming.
Chief officer on leave, restlessness inside and outside
Microsoft Chief Commercial Officer Judson Althaoff has decided to go on a two -month holiday. The company said that he has taken this break itself and it is associated with the end of the company’s financial year. He will return in September. Meanwhile, restlessness has increased inside the company and its impact is being felt in the tech industry outside.
Continuation of retrenchment in tech industry continues
Prior to Microsoft, veteran companies like Google, Amazon and Meta have also removed thousands of employees. Experts believe that in the coming months it may intensify the period of retrenchment. Due to maintaining profits and automation, tech companies are reducing the expenditure on human resources, which is directly affecting the employees.
