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- Microsoft announces job cuts for first time in 5 years
Microsoft announces job cuts for first time in 5 years
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Microsoft announces job cuts for first time in 5 years
TIMESOFINDIA.COM / Updated: Jul 13, 2022, 01:11PM IST
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A Microsoft spokesperson confirmed the job cuts to CNBC and said that, “Today we notified a small number of employees that their roles have been eliminated. This was a result of a strategic realignment, and, like all companies, we evaluate our business on a regular basis. We continue to invest in certain areas and grow headcount in the year ahead.”
How many jobs is Microsoft cutting?
The job cuts is a small percentage — about 1% — of the total workforce at Microsoft, which in June 2021 was close 1.81 lakh across the world. Interestingly, the job cuts have coincided with the start of the fiscal year for the company. Every year Microsoft’s fiscal year starts from July 1. Last time, Microsoft announced job cuts it was back in 2017. Back then, Microsoft did restructuring on a large scale, which led to thousands of job cuts. This time around the number is relatively small.
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