Some people may find a new job within a week, but other people may be out of work for months. Microsoft Corp. on Monday provided an omen. Update this list at least once a month to ensure that it's current and your memory of events is fresh. Investors likely saw signs of financial trouble for Microsoft before the layoffs. 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. 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.. A new report from Business Insider, corroborated by testimonies on Twitter, suggests that many departments have been affected, including the Xbox division and Microsoft's Strategic Missions and Technology team. 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). The company has also cut hardware development and releases, scrapping plans for products like the Surface Duo 3 and not announcing any upgrades to its new Surface Hub 2S. contractors are often the first on the chopping block. Other redundancies hit the gaming org, the legal department, and the division setting up government bodies with Microsoft tech. Updated: https://blogs.microsoft.com/blog/2023/01/18/subject-focusing-on-our-short-and-long-term-opportunity/ https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-new. The software maker called for the slowest revenue growth in more than five years in the quarter that ended Sept. 30. Amazon recently laid off 18,000 employees, while Facebook and Instagram owner Meta cut 11,000 jobs. Microsofts consumer efforts are now focused on Windows, Microsoft 365, Microsoft Teams for consumer, Surface, and of course Xbox. The basic rule is the closer your job is to the most profitable activities of the company, the lower your risk of layoff. Google laid off 12,000 workers in January, Meta (Facebook's parent company) said goodbye to 11,000 last November, and Microsoft and Amazon each. so other folks can fight for more in case they were dealt a bad hand) Let's support each other in these tough times and u. You will receive a verification email shortly. The German enterprise software firmwhose U.S. headquarters are in Pennsylvaniasaid the layoffs were part of an effort to cut costs and strengthen focus on its core cloud computing business. Recession fears and rising interest rates have bludgeoned the industry. February 6Texas-headquartered Dell Technologies, which owns PC-maker Dell, could cut roughly 6,650 employees, reportedly citing uncertain market conditions in their decision to move beyond earlier cost-cutting measures, while analysts noted a crash in demand for personal computer productswhich makes up the majority of Dells salesafter a pandemic high. The cuts occurred across a variety of levels, teams and parts of the world. #layoffs #micr, ~45 people laid off today from Microsoft Research in Redmond. Also when layoffs is going to start in India? 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. It's pretty sad to see such a big company laying off employees. Microsoft Layoffs - Blind Read the latest insights, reviews, and recommendations about Microsoft Layoffs from 5M+ verified employees at top companies. Microsoft is due to release an earnings report next week. Moving forward, Microsoft will look to focus its resources on areas of growth while reducing its investments in other areas. As such, these areas are rarely the source of major cuts in most layoffs. As such, contract employees are usually the first out when the tide turns. Its artificial intelligence can help invest toward any goal and in any kind of economy. A number of companies have already moved to cut jobs, including Snap and, as Axios reported yesterday, Flipboard. Are they just doing it weekly as they go? Meta did not respond to a Forbes request for details, although company communications director Andy Stone denied the February 22 report that Meta is considering layoffs. We want to hear from you. Like, you are supposed to get your days off as a payment when you leave the company afaik bit, with unli. The move aligns with efforts at technology companies big and small to lower costs. 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. Stay up to date with what you want to know. Technology companies are often viewed as volatile and reliant on borrowed money or other influxes of capital. "Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly," a Microsoft spokesperson told CNBC. Cutting 10,000 jobs, equal to about 5% of its workforce, gives Microsoft significant savings on wages and benefits. We will continue to invest in our business and hire in key growth areas in the year ahead, Microsoft said in a statement to Axios. I know that God is going to see me through. January 4San Francisco-based software giant Salesforce will reduce its headcount by 10%, or 7,900 employees, CEO Marc Benioff announced in an internal letter, amid a challenging economic climate and as customers take a more measured approach to their purchasing decisions., January 4Online video platform Vimeo announced its second round of cuts in the past six months, which affect 11% of its workforce (roughly 150 of its 1,400 employees, according to data from PitchBook), with CEO Anjali Sud attributing the companys decision to a deterioration in economic conditions.. Tc: 201k Yoe: 3, Microsoft decided to change it's policy and start giving employees unlimited time off recently. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. When retreating to the core business, companies turn to the quality products that make money. Oct 18, 2022. I started working as a senior tech recruiter at Microsoft in May. Good news: February layoff numbers for the U.S. tech sector were lower than those in January. When you purchase through links on our site, we may earn an affiliate commission. Microsoft will lay off about 1,000 employees, the company confirmed Tuesday. It seems more like a planned thing that was coming anyway and not due to recession Updates: 1. While Microsoft is laying off around 10,000 people, Amazon is laying off an astounding total of 18,000 people. I anticipate as economy worsens and gdp gets worse, next quarter they will not meet wall streets expectations. The company is facing slower PC and cloud sales, which could be one of the reasons behind the cuts. Technology giant Microsoft has sacked around 1,000 people in a fresh round of layoffs, according to US news website Axios. Rumor going around there is one more layoff at MS on 2/6. Microsoft layoffs: The software giant is likely to lay off thousands of employees across human resources and engineering divisions, according to multiple media reports. NY 10036. February 15Accounting firm KPMG could cut 2% of its staff (roughly 700 employees), the Financial Times reported, citing a staff memo from Carl Carande, the vice-chair of the companys U.S. advisory business, who said the cuts are intended to align its workforce with current and anticipated market demandmaking it the first of the so-called Big Four accounting firms to conduct a major round of layoffs amid growing recession fears in recent months. Heres what you should know, and how Q.ai can help investors (and, in this case, tech investors) amidst mass tech layoffs. February 8Nomad Health, a New York-based online healthcare staffing management company, is laying off 17% of its corporate staff (nearly 120 employees), with CEO Alexi Nazem telling workers in a letter obtained by Forbes the move comes as the company is confronting a major shift in the post-pandemic economy due to high inflation, recession fears and low consumer demand. Microsoft, like many other tech companies, recently announced plans to lay off 5% of staff. 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. January 19Capital One slashed 1,100 technology positions, a source familiar with the matter told BloombergCapital One did not confirm the number of positions that would be cut, although a spokesperson told Forbes that affected employees were told they could apply for other roles in the company. #layoff Non paywall link https://archive.ph/2022.10.18-013033/https://www.businessinsider.com/microsoft-layoffs-widespread-xbox-azure-government-2022-10, Instead of Satya Nadella cutting his paycheck like Tim Cooks did. Are these layoffs signs of future struggles for the business or just a proactive step to reduce costs now that people fear an oncoming recession? Messages relating to layoffs at Microsoft Corp. are presented below the company info. The cuts at Microsoft amount to less than 1% of the total headcount. Get this delivered to your inbox, and more info about our products and services. May 5, 2022: Cameo, the celebrity shout-out app, cuts 25% of its staff after . I'm a former VP of HR at Microsoft and have been on both sides of a layoff. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Here are some general guidelines roughly in order of lowest risk to highest. 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. It's becoming common in our industry to get laid off. Gupta is responsible for Microsoft Teams consumer, Skype, and GroupMe, and hes focused on building consumer experiences across Microsoft. Not sure if any other org got laid off. January 26SAP, said it will lay off 3,000 workersaround 2.5% of its global workforcein its earnings call announcing its fourth quarter 2022 results on Thursday, but did not specify where those cuts would be made. February 7Disney could lay off as many as 7,000 employees (roughly 3.2% of its 220,000 global employees) in a necessary step to address the challenges we face today, CEO Bob Iger said in a conference call Wednesday afternoon as the company looks to save $5.5 billion by cutting its staff. Between June 2021 and 2022, Microsoft added more than 40,000 people to its payroll. Microsofts stock price fell after the announcement, following the markets downward trend for the day. Business Insider grabbed a statement from Microsoft: "Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. 3. Do you. 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). Microsoft said Tuesday it cut a small number of workers, days after the software maker began its 2023 fiscal year, a time when the company normally announces structural changes. If youre having trouble deciding on the best way to invest, consider working with Q.ai. It similarly forecasted a 30% drop in Windows-related revenue. January 25Groupon, in an SEC filing, said it would reduce its head count by 500 employees, globally, in its second major round of cuts in recent months, after the e-commerce company cut another 500 positions last August. I'm going to make sure my mom doesn't go without. Januarys layoffs were primarily driven by public companies, which were responsible for a record 93% of laid-off U.S. tech workers that month. Bonnie Ross, who led the 343i team developing the Halo franchise, famously left the company a few weeks ago following ongoing criticism of Halo Infinite. January 24Cryptocurrency exchange Gemini is planning to cut 10% of its workforce, according to an internal memo seen by CNBC and The Information, with layoffs estimated to affect 100 of its roughly 1,000 employeesits latest round of cuts after it slashed 7% of its staff last July, and another 10% last May. Startups in cyber, defense and biotech all saw some large rounds in a week that for once was not dominated by artificial intelligence. January 25Vacasa, the Portland, Oregon-based vacation rental management company announced it would slash 1,300 positions (17% of its staff) in a SEC filing as it moves to reduce costs and focus on being a profitable company, three months after it announced it would cut another 6% of its staff. February 24Ericssons latest round of layoffs, which is expected to affect 8% of its nearly 106,000 global employees (roughly 8,500 positions), comes as part of a cost-cutting plan intended to save roughly $880 million by the end of 2023 and includes 1,400 positions it had announced would be cut earlier this week in Sweden, where the company is headquartered. Visit our corporate site (opens in new tab). Like G announced 12k layoffs and immediately informed almost all effected employees. Microsoft says it's open to working with unions, less interested in growth-oriented stocks. 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.