Microsoft has joined others like Twitter, Facebook, and Amazon with the recent employee layoff. The tech giant has announced another massive layoff of approximately 11,000 of its employees across different divisions, according to Sky News, Tuesday reports.
The whole world has experienced massive shock after shock with big companies like Facebook, Twitter and Amazon announcing lay off and now Microsoft which is laying off a significant number of employees from its massive workforce.
According to reports the recent layoff will affect a significant number of posts within the company and will be announced in a few days’ time.
Microsoft, which boasts of 221,000 full-time employees which number 122,000 in the United States and 99,000 internationally as of June 30 which was disclosed in the company’s filings, would be losing 5% of its workforce.
Big companies like Facebook, Twitter, Salesforce, and Amazon have all laid off a massive number of employees and Microsoft is the latest to join the trend.
We had layoffs in January by Salesforce which let go 10% of its employees, while Amazon cut off 3% of its corporate employees and less than 1% of its global workforce last year.
Twitter Inc, shortly after it announced Elon Musk its new CEO also cut half of its workforce as advertisers reduced spending over concerns of content moderation.
Meta also announced it was laying off more than 11,000 of its employees, which reduced the company’s workforce by 13%.
Despite Microsoft forecasting a sales gain of 2% in the second quarter, when it announces its earning reports on the 24th of January, this is however the slowest revenue increase it has experienced since 2017.
Microsoft CEO, Satya Nadella also disclosed in a blog post that the company was making changes to the workforce, and would be reducing it by 10,000 employees in the third quarter of the year.