Microsoft reveals another round of job cuts

Date:
Thu, 09 Jan 2025 14:00:00 +0000

Description:
Nearly 1% of Microsofts headcount is to be affected by latest job cuts.

FULL STORY ======================================================================Microsof t reported to be laying off nearly 1% of its headcount Share prices havent risen as much as key rivals Financial performance is still strong at
Microsoft

The technology industry is still grappling with ongoing financial challenges leading to widespread job losses, with Microsoft the latest to be affected.

Having already got rid of 10,000 workers (or around 5% of its headcount) at the height of the layoffs in January 2023, Microsoft went on to lay off at least another 2,500 of its employees in June 2024 .

Now, just a week into 2025, the company has confirmed further reductions, affecting less than 1% of its workforce, which stood at 228,000 employees six months ago. Microsoft lays off 1% of its headcount

At Microsoft we focus on high-performance talent We are always working on helping people learn and grow. When people are not performing, we take the appropriate action, the company confirmed in an email to CNBC , indicating
the redundancies could be part of a regular restructuring effort rather than
a reaction to financial performance.

However, despite posting a revenue increase of 12% in its most recent
quarter, around one percentage point ahead of key hyperscaler rivals Amazon and Google, Microsoft share prices didnt quite please investors.

Over the past 12 months, Microsoft shares have risen 12.98%, compared with 37.06% for Google and a staggering 46.75% for Amazon.

Share prices dont paint a full picture of the companys performance though it has the largest market cap of the three hyperscalers by far, at $3.156 trillion, compared with $2.382 for Google and $2.335 for Amazon.

Further details of the layoffs have not been confirmed, and its not known which workers are likely to be affected. TechRadar Pro has asked Microsoft to add further context, but we did not receive an immediate response. You might also like Weve listed the best job sites and best recruitment platforms Sell yourself by upskilling with the best online learning platforms Amazon CEO denies forced return to office move is "backdoor layoff"



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Link to news story: https://www.techradar.com/pro/microsoft-reveals-another-round-of-job-cuts


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