The environment of economic uncertainty, which made itself felt all over the world, had a very negative impact on giant companies. So much so that many known giants go down the road to get rid of it with the least wounds. One of them, Microsoft, takes an important decision.
Microsoft lays off 10,000 employees
Well-established companies such as Meta, Tesla and Google are on the brink of economic crisis. Many companies are experiencing declines in their revenues. Unfortunately, this situation is billed to the employees. Giants go to a policy of parting ways with their employees in order to cut their expenses.
Carrying out this policy quietly, Microsoft parted ways with nearly a thousand employees from different offices in October. It seems that downsizing was not the solution either. The company wants to hit the scalpel deep. The CEO of the company shared his short and long term plans with company employees.
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According to the shared blog post, Microsoft is seeking a solution it describes as “temporary” by laying off 10,000 of its employees. While explaining the decision, Nadella drew attention to the impact of declining consumer spending after the explosion during the pandemic.
The following statements were included in the article:
First, we will align our cost structure with where we see revenue and customer demand. Today, we are making changes that will result in a reduction of 10,000 jobs in our total workforce by the end of the third quarter. This represents less than 5 percent of our total employee base, with some notifications happening today. It’s important to note that while we are eliminating roles in some areas, we will continue to recruit in key strategic areas.