The Strategist

Microsoft confirms layoff of 10,000 employees



01/19/2023 - 08:28



Microsoft stated that it has validated media rumors about its plans to lay off 10,000 staff.



Raimond Spekking
Raimond Spekking
"Microsoft Corporation informed its staff on January 18, 2023, of a number of steps it is taking in response to the macroeconomic environment and shifting customer priorities. As part of these measures, the workforce will be reduced by about 10,000 workers by the end of the third quarter of fiscal 2023," the release reads.

According to Microsoft's website, the company employs 221,000 people worldwide, meaning that 4.5% of its staff will be reduced. The third quarter of the fiscal year 2022–2023 finishes in March.

According to the press release, the combined effects of the measures will result in a $1.2 billion write-down in the second quarter of fiscal 2023, which will have a negative effect on diluted profits of $0.12 per share.

About five percent of the company's employees were laid off, according to information released earlier this week by Sky News.

source: news.sky.com

 




More
< >

Friday, January 27th 2023 - 06:10 LVMH net profit grows by 17% in 2022

Wednesday, January 25th 2023 - 07:02 Microsoft reports drop in net profit