Microsoft lay off: Tech giant cuts over 9,000 employees in mass layoff
PTC News Desk: In a fresh wave of layoff a month after announcing 6,000 layoffs, tech giant Microsoft has announced another mass layoff while eliminating over 9,000 roles.
Microsoft has decided to cut 9,000 employees. According to the CNBC report, this wave fires less than 4 per cent of the global workforce across different departments.
According to the report, the company in its email sent to the employees asserted that it will continue to make organisational changes which is imperative for the company to and its success in a dynamic marketplace. It also noted that the cutting off employees did affect its gaming division but major part remain untouched.
In a memo shared with staff in the gaming division, Phil Spencer, CEO of Microsoft Gaming, confirmed the company’s intent to sharpen its focus, “To position Gaming for enduring success and allow us to focus on strategic growth areas, we will end or decrease work in certain areas of the business and follow Microsoft’s lead in removing layers of management to increase agility and effectiveness.”
Meanwhile, META which is the parent company of Facebook also announced that earlier this year that it planned to let go 5 per cent of its lowest-performing employees as part of an internal performance review strategy. Google’s parent company, Alphabet, has shed hundreds of roles over the past year as it repositions itself for AI-led growth.
- PTC NEWS
