Bad news: Thats not actually saying much. Microsoft is reportedly making anywhere up to 1,000 redundancies, as part of a previously announced "restructuring." The layoffs affect Microsoft vets like Greg Chapman and KC Lemson, and cut . "Today we notified a small number of employees that their roles have been eliminated," a Microsoft spokesperson told CNBC in an email. After my last few years of experience in the job market, I don't believe in company loyalty. Judging your layoff risk in these inbetween roles can be difficult. Appears to be a mix of design, engineering, product, etc. In addition, HR is essential in the layoff process, and finance is often relied on as the financial status gets more scrutiny. Amazon recently laid off 18,000 employees, while Facebook and Instagram owner Meta cut 11,000 jobs. 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? 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. There are many reasons that tech companies have been forced to make cuts, including rising interest rates. 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. A good tool is to maintain a personal list of your accomplishments in a running document. I'm a former VP of HR at Microsoft and have been on both sides of a layoff. After the pandemic, many companies didn't recover the way they wanted to, and one way to adjust for that is to perform layoffs. 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). A new round of layoffs happened at Microsoft today in an org called MLX. Microsoft, like many other tech companies, recently announced plans to lay off 5% of staff. 10K layoffs at Microsoft announced today. Stay up to date with what you want to know. Azure, Webxt, etc? Like, you are supposed to get your days off as a payment when you leave the company afaik bit, with unli. #tech #microsoft, It seems official now. The more info the better? As of June 30, 2022, Microsoft had 221,000 full-time employees, including 122,000 in the United States and 99,000 internationally. Messages relating to layoffs at Microsoft Corp. are presented below the company info. https://m.youtube.com/watch?v=-mZbLX8EsWk&fbclid=IwAR3lAgle-Q4DUL34bOnJ3yUBoPLl6Soh_jY-I2MlEviD-huz373gTOM86es&ab_channel=ProjectOptimize&mibextid= #layoffs #Microsoft. Sign up for notifications from Insider! Aug 10, 2022, 2:21 AM PDT Image by Alex Castro / The Verge Microsoft is reportedly laying off its team focused on winning back consumers. Rumor going around there is one more layoff at MS on 2/6. Cutting back on investments in things like the HoloLens and office-based hardware like the Surface Hub are two components of this. Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data. Microsoft is reportedly laying off its team focused on winning back consumers. January 31Publishing giant HarperCollins announced it would slash 5% of its staff in the U.S. and Canada as the publisher struggles with declining sales and unprecedented supply chain and inflationary pressures; HarperCollins is estimated to have roughly 4,000 employees worldwide, with more than half of them working in the U.S., the Associated Press reported. Microsoft lays off employees across countries. January 18 Microsoft's cuts, which affect 10,000 employees . And of course, keep it and your rsum on your personal device in case the worst happens without notice. In fact, for U.S.-focused startups, February was the second-largest layoff month after November 2022. We want to hear from you. Investors likely saw signs of financial trouble for Microsoft before the layoffs. I started. Microsoft last announced a round of layoffs in 2017, after the start of its new fiscal year. Why in the f does it mean I feel joy in people laying off? 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). A number of companies have already moved to cut jobs, including Snap and, as Axios reported yesterday, Flipboard. 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? This as-told-to essay is based on a conversation with Tiana Watts-Porter, a 25-year-old tech recruiter from Dallas who was laid off from Microsoft. Also when layoffs is going to start in India? Around 6K is the number one source mentioned. Thats because the startup situation hasnt really changed much. If companies don't have loyalty to their employees, we shouldn't have any loyalty to them. Microsoft has experienced some high-profile churn within its organization recently. Jez is known for breaking exclusive news and analysis as relates to the Microsoft ecosystem while being powered by caffeine. Microsoft has laid off more than a thousand staff, classifying this as a sort of summer clean-up following closure of the latest financial year. The company has also significantly slowed hiring.. #layoff #microsoft, To all the smarty "TRUST ME BRO" techies out there, can anyone tell me any update on this? It seems more like a planned thing that was coming anyway and not due to recession Updates:1. Experts also believe that tech companies over-expanded during the pandemic as people became more reliant on technology to accomplish tasks. 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.. The company is facing slower PC and cloud sales, which could be one of the reasons behind the cuts. Forgot the most important thing - Looking for referrals as Engineering Manager, please DM me if youre hiring. Microsoft paid about $25.3 million following charges of bribery in 2019. Sleeker, more powerful, and redesigned check out the new Lenovo ThinkPad X13 and X13 Yoga, Microsoft is reportedly making anywhere up to 1,000 redundancies, as part of a previously announced "restructuring.". October 18, 2022 at 5:25 p.m. EDT. Business Insider now reports that Microsoft is laying off that team, and telling the roughly 200 affected employees to find another position at the company or take severance pay. #layoff. February 7In a message to employees, Eric Yuan, the CEO of online meeting platform Zoom, unveiled plans to slash roughly 15% of the companys workforce as the world transitions to life post-pandemic and amid uncertainty of the global economycutting approximately 1,300 positions, after it tripled its staff at the outset of the pandemic. Technology companies are often viewed as volatile and reliant on borrowed money or other influxes of capital. Get this delivered to your inbox, and more info about our products and services. Mixed Reality has been impacted. I stopped believing in it because I know I'm just a number to any company I work for. He also published a memo titled Focusing on our short- and long-term opportunity., In the memo, Nadella first discussed the turbulent economic times the world is experiencing and referenced the birth of the next major wave of computing as artificial intelligence (AI) continues to advance. All Rights Reserved. Every industry, company, even department has a different risk, but some areas are more vulnerable than others. We will continue to invest in our business and hire in key growth areas in the year ahead.". 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. It similarly forecasted a 30% drop in Windows-related revenue. The Redmond-based tech giant (Nasdaq: MSFT) is . One of the main reasons companies use temporary or contract workers is for this very contingency. https://blogs.microsoft.com/blog/2023/01/18/subject-focusing-on-our-short-and-long-term-opportunity/ My hands are shaking typing this.. stay strong folks. Tech layoffs have run rampant in recent months. MSFT beat expectations but not by a whole lot. https://www.seattletimes.com/business/microsoft-cuts-10000-jobs-about-5-of-global-workforce/ The argument was always, Its pay in exchange for job security. Doesnt seem like that reason to stay holds water anymore. Januarys layoffs were primarily driven by public companies, which were responsible for a record 93% of laid-off U.S. tech workers that month. 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. All Rights Reserved. in July 2022 the software giant confirmed that it cut around 1% of its total headcount. #layoff, WARN notice posted https://esd.wa.gov/about-employees/WARN, Any layoffs coming at Microsoft in 2023? Facebook and Instagram parent company Meta plans to ask company executives, lawyers and financial experts to devise a plan for a major reorganization that could affect thousands of employees, sources familiar with the matter told the Washington Post, three months after the social media giant cut 11,000 employees in the biggest round of layoffs in 2022. Tech behemoth Microsoft has gone through a third round of downsizing since July this year. In 2018 the software giant originally detailed its. Download Q.ai today for access to AI-powered investment strategies. Mapping out the future of AR, ThirdEye is taking on Google and Microsoft in real-life scenarios. That same earnings report saw a small 2% increase in device sales, but Microsoft warned that device revenue could drop as much as 30% by the next earnings report. As such, contract employees are usually the first out when the tide turns. Microsoft had been trying to acquire popular communities over the past couple of years, includingTikTok,Pinterest, andDiscord, to improve its efforts with non-business users. With Investment Kits, like the Emerging Tech Kit, investing can be simple and fun. In July, Microsoft called for about 10% revenue growth in the fiscal first quarter, slower than it's been in more than five years. On November 9, 2022, Meta announced that it was laying off 11,000 employees, which translates to ~13% of its total headcount. March 1Waymos cuts will affect 8% of its workforce, sources familiar with the matter told Reuters and The Information Wednesday, bringing the total number of employees laid off at the company this year to 209, after its parent company Alphabetwhich is also the parent company of Googleannounced a massive round of layoffs affecting roughly 12,000 employees (Waymo did not immediately respond to a request for comment from Forbes). February 1Boston-based online sports betting company DraftKings also said it plans to cut 3.5% of its global workforce, in a cost-cutting move expected to affect approximately 140 employees, the Boston Globe reported. If you're essential to one of those products, the odds of losing your job are about equal to the risk of failure of the entire company. Tech's 2022 layoffs continue in 2023. Microsoft Corp. on Monday provided an omen. Microsoft has also been cutting open job roles as it slows hiring amid a weakening economy. If, when times were flush, the company recently decided to explore new lines of business, or expand into new territories, those are tenuous places to work. Though many tech firms have reduced their headcount recently, major competitor Apple has yet to announce layoffs. three months after the social media giant cut 11,000 employees in the biggest round of layoffs in 2022. Plus, Microsoft admitted that the layoffs would cost the business about $1.2 billion in severance and other costs. Get the best of Windows Central in your inbox, every day! A Microsoft spokesperson on Monday confirmed that the company let go of additional workers as the software maker's revenue is expected to slow, thanks to weaker sales of Windows licenses for PCs. 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. TC 280-300k depending on stock, https://www.msn.com/en-us/money/markets/more-microsoft-job-cuts-to-impact-hundreds-more-eastside-workers/ar-AA17locc Is it true they are doing more layoffs in March and April out of Washington Which team are getting effected @microsoft, Hi, does anybody know if Microsoft will notify impacted employees by Jan end or do the actual notifications continue until March? The cuts reach a variety of groups and affect less than 1% of the company, which employed 181,000 people as of June 2021, the company said. They want to remain flexible in case of a downturn. I immediately had a feeling that I was going to be impacted. January 19Student loan servicer Nelnet announced it will let go of 350 associates hired over past next six months, while another 210 will be cut for performance reasons, telling Insider the cuts come as President Joe Bidens student debt forgiveness program continues to stall after facing legal challenges from conservative groups opposed to the measure. To me it feels cheap. I am telling him to stay positive, we don't know why yo. I heard they arent gonna drag it to end of March. New York, Beyond these areas, most jobs fall somewhere in between these poles. Got a confidential news tip? I don't care if I have to become a delivery driver or start doing Lyft and Uber rides. This is the third round of layoffs at the Big Tech firm since July. There was a problem. Just wanted to know if there is any update on Microsoft India layoffs or any insider. On Monday technology industry research group Gartner estimated that PC shipments, a factor affecting Microsoft's Windows operating system business, fell nearly 13% in the third quarter, the most sluggish performance in nine years, in part because of geopolitical issues. The basic rule is the closer your job is to the most profitable activities of the company, the lower your risk of layoff. January 20Boston-based furniture e-commerce company Wayfair announced it would cut 10% of its global workforce (1,750 employees), including 1,200 corporate positions, in a move to eliminate management layers and reorganize to be more agile amid reduced salesthe companys latest round of job cuts following its decision to cut 870 employees last August. "We will continue to invest in our business and hire in key growth areas in the year ahead.". January 18Teladoc Health will cut 6% of its staffnot including cliniciansas part of a restructuring plan the company announced in a financial report on Wednesday, as the New York-based telemedicine company attempts to reduce its operating costs amid a challenged economic environment.. Over 5,000 employees were let go last month, including those from companies such as Pico Interactive, which laid off 400, and Cerebral, which cut 285 employees. Cutting 10,000 jobs, equal to about 5% of its workforce, gives Microsoft significant savings on wages and benefits. Include major successes, and the essential summary information you might include when describing your job to an outsider. 2023 CNBC LLC. If it succeeds at cutting staff that work on less profitable products and focusing its efforts on areas of growth, this could be a strong purchase opportunity for investors. 3. Verified info from MS Internal Blind 2. Various tech companies are making or are expected to make layoffs in the face of current macroeconomic headwinds, owing to increased costs from inflation, disrupted supply chains stemming from China's Covid-19 policies, and Russia's war of aggression in Ukraine. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Opinions expressed by Forbes Contributors are their own. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. January 18Microsofts cuts, which affect 10,000 employees (less than 5% of its workforce), come three months after the Washington-based company conducted another round of layoffs affecting less than 1% of its roughly 180,000 employees, with CEO Satya Nadella saying in a message to employees that some workers will be notified starting Wednesday, and the layoffs will be conducted by the end of the third fiscal quarter in September. The layoffs are expected to include around 1,000 employees. I think companies are trying to prepare for the worst: a possible upcoming recession. Thoughts? Microsoft is one of the largest tech companies in the world, responsible for the Windows operating system, office software, cloud services, gaming and more. The move marks the latest sign of weakness among some of the largest U.S. tech companies amid persistent inflation, recession fears and stock market woes. The ride-hailing app had two rounds of layoffs at its corporate offices this year: 60 people in July, according to a memo reported by The Wall Street Journal, and 683 people Nov. 3, according to a . Satya Nadella, chief executive officer of Microsoft Corp., speaks during a panel session on day two of the World Economic Forum in Davos, Switzerland, on May 24, 2022. Microsofts job cuts are the latest in a slew of layoff announcements. Mass layoffs are one of the more painful consequences of a looming economic recession, and the high-flying and well-funded tech industry isn't immune. 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. The number of companies anointed unicorn status skyrocketed in 2021, but some of those are beginning to reset their valuation to make peace with the changing venture landscape. A Division of NBCUniversal. Axios, which reported the layoffs earlier on Monday, said the cuts impacted fewer than 1,000 people and cited an unnamed person. The company will be announcing earnings on Oct. 25. In 2018 the software giant originally detailed its efforts to win back the non-enterprise customers it let down, forming a Modern Life Experiences team to focus on professional consumers (prosumers). Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Nothing has been announced in the company. Microsoft originally formed the Modern Life Experiences team in 2018 after a rocky period for its consumer services. Startups in cyber, defense and biotech all saw some large rounds in a week that for once was not dominated by artificial intelligence. Determining what areas are essential or at risk requires inside knowledge of your firm's retreat and recovery plans and can be difficult to know at a distance. Update 1: Managers of impacted folks will be notified the previous day.