In a fresh round of mass layoffs, it is the Microsoft layoffs. As per media reports, just days after vacating its US office along with Meta, the tech giant, Microsoft, is resorting to axing as many as 11,000 jobs.
According to reports in Reuters and Bloomberg, Microsoft layoffs are expected to impact the workforce in engineering and HR departments. However, it must be noted that Microsoft has officially not confirmed the number of employees that will be handed pink slips. If the reported number of 11,000 jobs to be axed is true, then, it could mean that nearly 5 per cent of the company’s workforce may be let go.
In addition to these reports, even UK-based SKY news reported that Microsoft layoffs may impact around 5 per cent of the company’s workforce and these layoffs may begin as early as today.
However, this isn’t the first time that Microsoft layoffs are happening. Earlier, even in October 2022, the tech giant laid off around 1,000 employees across departments citing the global economic downturn as one of the chief reasons. Back then, it was also the time when other tech giants like Twitter and Facebook parent Meta were also laying off employees.
At the time of writing this news, as per Layoffs.fyi, in 2023, 104 tech companies have laid off 26,061 employees. Microsoft layoffs too, come at a time when Amazon has already started axing jobs, a move that the company’s CEO confirmed earlier, would continue till 2023. Additionally, many experts believe that the larger picture of tech layoffs seems grim and they are expected to be more pink slips in the coming days.