Microsoft has reduced personnel in multiple departments including the Xbox department in large numbers, and the economic downturn is also in full swing.


by Fabien Lavocat

It turns out that Microsoft decided to lay off less than 1,000 employees across multiple departments on October 17, 2022. Microsoft has about 200,000 employees, so the ratio is less than 1%, but this decision will inevitably slow down growth and reduce personnel even for companies as large as Microsoft. The ripples are spreading as it shows.

Microsoft layoffs October 2022: The tech giant cuts nearly 1,000 jobs
https://www.axios.com/2022/10/18/microsoft-layoffs-latest-tech-firm-cuts

Microsoft Lays Off Employees After Slowdown in Earnings Growth - WSJ
https://www.wsj.com/articles/microsoft-lays-off-employees-after-slowdown-in-earnings-growth-11666072959

Microsoft (MSFT) Signals More Tech Layoffs in 2022 - Bloomberg
https://www.bloomberg.com/opinion/articles/2022-10-18/microsoft-msft-signals-more-tech-layoffs-in-2022

Microsoft confirms job cuts after calling for growth to slow
https://www.cnbc.com/2022/10/18/microsoft-confirms-job-cuts-after-calling-for-growth-to-slow.html

Microsoft has not disclosed the specific number of people targeted for this layoff, but sources say the number will not exceed 1,000. ``Like all companies, we regularly assess our business priorities and make structural adjustments accordingly,'' a Microsoft spokesperson said in a statement to the media. Did. In addition, Microsoft announced in July that it will reduce less than 1% of its employees, but refrained from answering whether this layoff was due to that plan.

In addition, Microsoft said in its July earnings report that it expects revenue growth to be about 10% in the next term, which is the lowest level in the last five years. Microsoft is scheduled to report its financial results for the current fiscal year on October 25.

The layoffs have taken place across a wide range of geographies and departments, including group product and program manager KC Lemson , who has been with Microsoft since 1998. '2022 was a good year,' he said in a tweet on October 18, after reporting that he had just been fired this morning.



Multiple media outlets covering the news that Microsoft has laid off a number of employees across a wide range of departments have pointed to the impact of the recession. ``Microsoft has laid off more employees this week, making it the latest high-tech company to show signs of concern about future declines in demand,'' said The Wall Street Journal. ``This mass layoff is one of the most painful consequences of the looming economic downturn,'' Bloomberg said, while Axios said ``The move is important because the economy as a whole has been slowing or deferring hiring in the past. This is a new case of a large company that had been working as a company, but this time it has decided to reduce its workforce.'

Technology companies other than Microsoft have also announced employment suspensions and cost cuts one after another. Meta announced in late September that it would freeze new hiring in the coming months and cut costs by at least 10% through staff cuts and other measures. In addition, Snap, which handles Snapchat, a photo sharing application, is planning a large-scale restructuring to reduce employees by 20%, and social magazine Flipboard also reportedly dismissed 21% of its employees in October. It has been.

Twitter also fired 100 people, or 30% of its recruiting team, all at once in July.

Twitter fired 30% of the recruiting team and about 100 people lost their jobs at once

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