Microsoft plans to lay off 10,000 employees as part of broader cost-cutting measures, the company said in a securities filing on Wednesday, making it the latest tech company to reduce staff. Microsoft Layoffs - Blind Read the latest insights, reviews, and recommendations about Microsoft Layoffs from 5M+ verified employees at top companies. How much do you think it could be accurate? Sheldon Cooper/SOPA Images/LightRocket via Getty Images, latest round of tech layoffs sweeping the industry, becoming more and more common for tech companies to rely on contractors. Facebook parent Meta Platforms decreased its target for adding software engineers this year from 10,000 to around 6,000 to 7,000, Reuters reported last week. Experts also believe that tech companies over-expanded during the pandemic as people became more reliant on technology to accomplish tasks. Mapping out the future of AR, ThirdEye is taking on Google and Microsoft in real-life scenarios. October 18, 2022 at 5:25 p.m. EDT. February 15Accounting firm KPMG could cut 2% of its staff (roughly 700 employees), the Financial Times reported, citing a staff memo from Carl Carande, the vice-chair of the companys U.S. advisory business, who said the cuts are intended to align its workforce with current and anticipated market demandmaking it the first of the so-called Big Four accounting firms to conduct a major round of layoffs amid growing recession fears in recent months. But when layoffs come, contractors are often the first on the chopping block. By clicking Sign up, you agree to receive marketing emails from Insider Opinions expressed by Forbes Contributors are their own. I anticipate as economy worsens and gdp gets worse, next quarter they will not meet wall streets expectations. TheMicrosoft Band fitness device also disappeared in 2016, and efforts with Cortana fell way behind rivalsto the point Microsoft switched things up to chase business users instead. Microsoft is the latest tech firm to make significant layoffs in 2022. . Fast-forward to February: Large tech companies only made up about 82% of layoffs still the majority by a long shot, but we saw worse in November, when 88% of workforce cuts were driven by public tech firms. MSFT beat expectations but not by a whole lot. February 27Denver-based software company Palantir Technologies will cut just under 2% of its workforce, even as the company reported a $31 million profit in the last fiscal quarteraffecting as many as 76 of the companys 3,838 employees, according to PitchBook (Palantir did not immediately respond to an inquiry from Forbes). But it's really difficult to be a contractor, because people don't realize that contractors have just as much if not more experience than full-time employees. Oct 18, 2022. Venture funding is still down year over year, and most companies are still struggling to find capital (unless youre OpenAI, in which case, youre probably not in our layoffs database anyway). Get the best of Windows Central in your inbox, every day! In July, Microsoft laid off less than 1% of its staff of 180,000 across departments like consulting and customer solutions, according to Bloomberg. February 8Yahoo plans to cut more than half of its Yahoo For Business division by the end of the year, affecting more than 1,600 employees, including nearly 1,000 this week alone, according to a company spokesperson, who told Forbes the cuts will simplify and strengthen our advertising business, which has been not profitable and struggled to live up to our high standards.. January 25Groupon, in an SEC filing, said it would reduce its head count by 500 employees, globally, in its second major round of cuts in recent months, after the e-commerce company cut another 500 positions last August. The big picture: Nearly all the major tech firms have slowed headcount growth, with many freezing all but essential hires. You'd much rather have it and not need it, than need it and not have it. Microsoft announced layoffs on Monday for nearly 1,000 employees worldwide, the company confirmed to ABC News. Microsoft will lay off about 1,000 employees, the company confirmed Tuesday. Fintech platform Affirm announced during its earnings call that it would slash 19% of its workforce following missed revenue expectations. HR will also provide talking points on how to handle impacted employees and how to talk to t, Looks like its started but not in engineering. February 1FedEx announced it will slash 10% of its officer and director team and consolidate some teams and functionsfour months after the delivery giant unveiled plans for a hiring freeze and that it would close 90 office FedEx Office locationsin a move CEO Raj Subramaniam said was necessary to make the company a more efficient and agile organization (FedEx employs roughly 547,000 people, according to PitchBook). January 25Vacasa, the Portland, Oregon-based vacation rental management company announced it would slash 1,300 positions (17% of its staff) in a SEC filing as it moves to reduce costs and focus on being a profitable company, three months after it announced it would cut another 6% of its staff. Another 15-year vet, Greg Chapman, also tweeted that he'd been laid off. January 11BlackRock officials reportedly told employees the New York-based company plans to reduce its headcount by 2.5%the company did not immediately respond to a Forbes inquiry for further details, but in an internal memo obtained by Bloomberg, CEO Larry Fink and President Rob Kapito said the move comes amid uncertainty around us that necessitates staying ahead of changes in the market., January 11In a memo to employees, Flexport CEOs Dave Clark and Ryan Petersen announced plans to slash 20% of the companys global workforce (estimated to affect 662 of its more than 3,300 employees, according to data from PitchBook), saying the supply chain startup is not immune to a worldwide the macroeconomic downturn.. Appears to be a mix of design, engineering, product, etc. With so many big companies like Amazon, Meta etc announcing layoffs, i wonder if Microsoft will follow? Layoffs are a somber and saddening subject. The cuts . February 2Okta CEO Todd McKinnon unveiled plans to reduce the tech companys workforce by 5% (roughly 300 positions) in an SEC filing on Thursday, citing a period of over-hiring over the past several years that did not account for the macroeconomic reality were in today., February 1NetApp, a San Jose, California-based cloud data company, announced plans in an SEC filing to lay off 8% of its staff (estimated to affect 960 employees) by the end of the fourth fiscal quarter of 2023 in light of the macroeconomic challenges and reduced spending environment.. Microsoft laid off employees across the company, with a person familiar saying it affected under 1,000 jobs. The company has also significantly slowed hiring.. A number of companies have already moved to cut jobs, including Snap and, as Axios reported yesterday, Flipboard. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. In addition, HR is essential in the layoff process, and finance is often relied on as the financial status gets more scrutiny. The company is facing slower PC and cloud sales, which could be one of the reasons behind the cuts. February 27Cerebral confirmed the mental-health startup will cut 15% of its workforce (roughly 285 employees) in a statement to Forbes, saying the layoffs are part of a reorganization planthe companys third round of layoffs since last summer, including one round in June that affected 350 employees. All eyes will now be on Microsofts hire of Manik Gupta last year, the former head of product at Uber. Microsoft layoffs: The software giant is likely to lay off thousands of employees across human resources and engineering divisions, according to multiple media reports. #layoff #microsoft, To all the smarty "TRUST ME BRO" techies out there, can anyone tell me any update on this? In 2018 the software giant originally detailed its. Microsoft, like many other tech companies, recently announced plans to lay off 5% of staff. Banking giant Citigroup is cutting hundreds of employees in the firms latest round of cuts in the past four months, Bloomberg reported Thursdaymaking it the latest U.S. company to lay off staff, following major cuts this week at Thoughtworks, General Motors, Waymo, Twitter, Palantir and Cerebral. Tech companies arent breaking up with their employees at the scale we saw in January, which was the biggest layoff month since we began tracking job cuts data in 2022 with over 65,000 layoffs. Just posting this to piss off Microsoft HR, even though I don't work there. So, don't bother asking the employees. When announcing the layoffs, the memo also stated, while we are eliminating roles in some areas, we will continue to hire in key strategic areas., As part of the layoffs, the company is taking a $1.2 billion charge related to severance costs, changing its hardware portfolio, and consolidating its leases. Microsoft even pivoted itsHoloLens hardware towards commercial customers, and there are new signs HoloLens could be in trouble. Microsoft killed off its Groove Music service in 2017, officiallydiscontinued Kinect in the same year and also finally admittedWindows Phone was dead. https://www.windowscentral.com/microsoft/microsoft-to-lay-off-11000-employees-as-soon-as-tomorrow, I saw a job posting that I am interested in at Microsoft. And even though I'm worried, I do find peace in knowing that God has already laid out what my future will be and He won't lead me astray. Messages relating to layoffs at Microsoft Corp. are presented below the company info. Keep seeing people talk about Microsoft layoffs #layoff #Microsoft #linkedin #tech, Please comment with the details mentioned below if you were laid off from Microsoft : Country: City: Org: Team: Role and Level: Microsoft Tenure: Team Tenure: Severance: ( why? January 9Artificial intelligence startup Scale AI announced plans to cut one fifth of its staff, CEO Alexandr Wang announced in a blog post, saying the company grew rapidly over the past several years, but faces a macro environment that has changed dramatically in recent quarters.. Why would I be the exception? Why in the f does it mean I feel joy in people laying off? As a contractor at Microsoft, I had an 18-month contract that was dependent on performance, but the layoff ended my contract more than a year early. Looks like most affected are consultants and project managers. Any dates reavelaed? But that's just not how it works anymore. January 13LendingClub announced it would lay off 225 employees (roughly 14% of its workforce) in a SEC filing, amid a challenging economic environment, as the San Francisco-based company attempts to align its operations to reduced marketplace revenue following seven rounds of Federal Reserve interest rate hikes last year and as concerns persist of a potential recession. Microsoft also faces stiff competition in areas like cloud technology, which could be challenging to overcome. Please refresh the page and try again. I am just supporting him. Many are seeing layoffs in the news and wondering about their own risk of being laid off. Am I overthinking or are the layoffs expected to continue with WLB at these big companies taking a hit? Forgot the most important thing - Looking for referrals as Engineering Manager, please DM me if youre hiring. May 5, 2022: Cameo, the celebrity shout-out app, cuts 25% of its staff after . After an unfortunate health incident last year, I'm largely responsible for taking care of my mother and I wanted her to know that no matter what happened, she would be taken care of. From the article: The Information reports that the Azure cuts will be concentrated in business de, Hi all, I know this is probably difficult to know, but did today's big Microsoft layoff complete the "wave" for this week, and the next one would be in 2-3 months, if at all? Outside of Xbox, Microsoft doesnt have a community or social service thats widely used by consumers, and TikTok, Pinterest, or Discord could have filled that gap. The German enterprise software firmwhose U.S. headquarters are in Pennsylvaniasaid the layoffs were part of an effort to cut costs and strengthen focus on its core cloud computing business. Lenovo's Surface-like IdeaPad Duet 3i packs the Intel N-series CPU but you won't find it in the US, Lenovo's new ThinkPad Z13 features a woven Flax cover made from plant fibers, Lenovo ditches old haptic touchpad tech for Sensels FusionUX stack heres why its a big deal. Meta Platforms and Salesforce are among those in Silicon Valley that have slowed their pace of hiring this year, even as Coinbase, Netflix and others have resorted to layoffs. Are these layoffs signs of future struggles for the business or just a proactive step to reduce costs now that people fear an oncoming recession? :D Edit: I think people are too sensitive about the emoticon :D here. Heres how it works. I dont think weve seen those companies being put through the crucible yet. Microsoft President Brad Smith joins 'Squawk on the Street' to discuss investment in ESG strategies, tech companies cutting labor forces, and Microsoft's investment in fundamental technology . Earlier this week, Microsoft announced major layoffs, with staff cuts planned across multiple divisions. Microsoft layoffs October 2022: The tech giant cuts nearly 1,000 jobs Oct 17, 2022 - Technology Microsoft becomes latest tech firm to cut staff Ina Fried, author of Axios Login Illustration: Natalie Peeples/Axios Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed. Each data point making up this analysis represents someone who is currently in a tough situation, and I hope that everyone affected can find strength and land on their feet. You will receive a verification email shortly. February 28Cuts at General Motors will number in the low hundreds of employees, a source familiar with the matter told Reuters, while the Detroit News reported the number could affect as many as 500 of the companys 167,000 employees (GM did not respond to Forbes inquiry as to how many employees could be cut). Microsoft Layoffs 2022 - Blind Looks like it's started but not in engineering. The job losses, first reported by Bloomberg, impact less than 1 percent of the 180,000-strong global workforce, and are said to be varied across geography and job role . Which groups in Microsoft got impacted yesterday? Does that mean all the people that were fired lost the vacation days from their severance package? Cutting back on investments in things like the HoloLens and office-based hardware like the Surface Hub are two components of this. Bad news: Thats not actually saying much. https://www.businessinsider.com/microsoft-layoffs-employees-bracing-for-more-2023-1 https://finance.yahoo.com/news/microsoft-cut-thousands-jobs-sky-185334089.html (Reuters) - Microsoft Corp is contemplating cutting about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported, https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/, Does anyone know if the layoffs also will come with new grad offer rescinds, https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/ 166k #severance #layoff #microsoft, Hi All, Asking for one of my friend, which all teams/org/division in Microsoft IDC are affected? In June, Microsoft slashed its income and revenue guidance, citing unfavorable foreign-exchange rates. As a company, our success must be aligned to the worlds success.. Recession fears and rising interest rates have bludgeoned the industry. In February, Ericsson laid off around 8,500 workers, while Dell cut 6,650 roles. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Microsoft, like many other tech companies, recently. Its artificial intelligence can help invest toward any goal and in any kind of economy. Microsoft 365 consumer subscriptions grew 15 percent in the recent quarter, up to 59.7 million. I have an offer to go outside Microsoft at a non-tech company so just weighin, Since Microsoft owns LinkedIn, would LinkedIn be affected by the upcoming layoffs? so other folks can fight for more in case they were dealt a bad hand) Let's support each other in these tough times and u. Microsoft Corp. on Monday provided an omen. I've even found that when I interview for full-time jobs, they see that I was a contractor in the past and are more inclined to hire me in that capacity. Doing a layoff is not resetting your valuation.. Updated: https://blogs.microsoft.com/blog/2023/01/18/subject-focusing-on-our-short-and-long-term-opportunity/ https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-new. The company has also cut hardware development and releases, scrapping plans for products like the Surface Duo 3 and not announcing any upgrades to its new Surface Hub 2S. Amazon layoffs. Any rumors? According to TechCrunch,. They want to remain flexible in case of a downturn. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. February 24Ericssons latest round of layoffs, which is expected to affect 8% of its nearly 106,000 global employees (roughly 8,500 positions), comes as part of a cost-cutting plan intended to save roughly $880 million by the end of 2023 and includes 1,400 positions it had announced would be cut earlier this week in Sweden, where the company is headquartered. January 18Amazon, one of the biggest companies in the country, had outlined a plan to eliminate more than 18,000 positions (including jobs that were cut in November) starting January 18 in a message to staff earlier this month from CEO Andy Jassy, who said the company is facing an uncertain economy after hiring rapidly over the past few years. Anyone have insights on how the Microsoft layoff decisions today are being made? Microsoft Layoff 2023? All Rights Reserved. A new report from Business Insider, corroborated by testimonies on Twitter, suggests that many departments have been affected, including the Xbox division and Microsoft's Strategic Missions and Technology team.
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