Tech companies arent breaking up with their employees at the scale we saw in January, which was the biggest layoff month since we began tracking job cuts data in 2022 with over 65,000 layoffs. 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. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Office consumer was also up 9 percent year over year, amid an increase in hybrid and remote work. Azure, Webxt, etc? I know of some and it seems like it is more driven by group manager discretion than performance, tenure, or recent hire. Often people think of staff services like finance, facilities, or human resources when they think of areas of layoff risk. Help Launch Space Satellites Or Fight Cancer With These Startup Jobs, Some Beaten-Down SPACs Recover Amid Tech Rally. I heard they arent gonna drag it to end of March. 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. January 5Crypto lender Genesis Trading reportedly laid off 30% of its workforce, according to the Wall Street Journal, which spoke to unnamed sourcesthe companys second round of cuts since August, lowering its staff to 145. Thats because the startup situation hasnt really changed much. When announcing the layoffs, the memo also stated, while we are eliminating roles in some areas, we will continue to hire in key strategic areas., As part of the layoffs, the company is taking a $1.2 billion charge related to severance costs, changing its hardware portfolio, and consolidating its leases. After an unfortunate health incident last year, I'm largely responsible for taking care of my mother and I wanted her to know that no matter what happened, she would be taken care of. Windows Central is part of Future US Inc, an international media group and leading digital publisher. Any insider comment? Verified info from MS Internal Blind 2. Haje Jan Kamps. February 1Electric automaker Rivian Automotive will cut 6% of its staff, CEO R.J. Scaringe said in an email to employees seen by Reuters, just over six months after the company laid off another 5% of its roughly 14,000 employees (Rivian did not immediately respond to an inquiry for more details from Forbes). 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. Alex Kipman, who created Kinect and led development on Windows Mixed Reality, resigned following reports of inappropriate behavior, with a significant U.S. military contract for HoloLens reportedly on the rocks. We continue to invest in certain areas and grow headcount in the year ahead." Venture folks tell me investments will start picking up once valuations come down, which were already starting to see. Does anyone know what orgs the layoffs are affecting? Tue 12 Jul 2022 // 13:30 UTC. Heres how it works. So, don't bother asking the employees. The software maker called for the. Details: Microsoft declined to say how many jobs had been cut, but a source said the layoffs numbered under 1,000. And now, here are the 3 employees most at risk during layoffs. Keeping your rsum current can help you not only weather the looming storm, but it will give you confidence that you can bounce back regardless of your layoff risk. Google parent company Alphabet slashed its workforce by 12,000 people, while Microsoft and Amazon let go of 10,000 and 8,000 employees, respectively. MSFT beat expectations but not by a whole lot. Microsofts consumer efforts are now focused on Windows, Microsoft 365, Microsoft Teams for consumer, Surface, and of course Xbox. Although it is not confirmed if the layoffs are isolated in gaming divisions, employees who work for Xbox and other. All eyes will now be on Microsofts hire of Manik Gupta last year, the former head of product at Uber. 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. The move aligns with efforts at technology companies big and small to lower costs. Stay up to date with what you want to know. . 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. Get the best of Windows Central in your inbox, every day! #layoffs #micr, ~45 people laid off today from Microsoft Research in Redmond. 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. 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. Mapping out the future of AR, ThirdEye is taking on Google and Microsoft in real-life scenarios. Seeing a flurry of laid off posts from Microsoft employees today. Three days before its Q4 earnings call, Twilio announced it would lay off 15,000 people. While Microsoft isnt officially commenting on the end of its Modern Life initiative, a Microsoft senior designer revealed there was hard news for the Modern Life Experiences team this week in a LinkedIn post. We want to hear from you. February 16DocuSign unveiled plans to cut 10% of its staff in a Securities and Exchange Commission filing on Thursday, affecting roughly 740 of its 7,400 employeesthe San Francisco-based software companys second round of cuts in less than half a year, after it slashed another 9% of its workforce last November. Think of all dimensions - CEO email, execution, severance, empathy. Tech layoffs were big news in 2022, and that's looking set to continue in 2023, too, with major companies like Amazon and Salesforce already slashing workforces . When posting fourth quarter 2022 financial results, which saw a year-on-year decline in revenue of 11.2% to $14.8 billion, HP also announced that it expects to lay off 4,000 to 6,000 employees by. In June, Microsoft slashed its income and revenue guidance, citing unfavorable foreign-exchange rates. 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. 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. What the heck is a Tiny-in-One? Its now bee, Likely will be 4-5% based on extrapolating data from my org. I know that God is going to see me through. This is Watts-Porter's story, as told to writer Fortesa Latifi. Axios, which reported the layoffs earlier on Monday, said the cuts impacted fewer than 1,000 people and cited an unnamed person. Anyone knows which departments are affected? 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. Anybody outside USA received the HR email#, I found this article while searching through the interwebs for clues as to who/what teams are being affected. Oct 18, 2022. But that's just not how it works anymore. But, I am afraid about the layoffs that have been happening, and I do not want to let go of a relatively safer current job. Opinions expressed by Forbes Contributors are their own. What they're saying: Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. Rumor going around there is one more layoff at MS on 2/6. It's becoming common in our industry to get laid off. 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. New York, The basic rule is the closer your job is to the most profitable activities of the company, the lower your risk of layoff. January 10Coinbase, one of the biggest crypto exchanges in the U.S. announced plans to lay off 25% of its workforce (950 employees) in a company blog post in order to weather downturns in the crypto market, after it laid off another 18% of its staff last June. It means I am curious and feel mildly embarrassed asking it. Chris Williams is the former VP of HR at Microsoft and a leadership advisor, podcaster, TikTok creator, and author.This story was originally published in September 2022. 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. 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. January 26Software company IBM announced it would slash 1.5% of its global workforce, estimated to affect roughly 3,900 employees, according to CFO James Kavanaugh, multiple outlets reported, as the company expects $10.5 billion in free cash flow in fiscal year 2023. This year, shares of Microsoft have fallen nearly 30%. But February still saw around 28,000 U.S. tech employees lose their jobs, making it the third-largest layoff month since the start of 2022. 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. February 22NPR President and CEO John Lansing announced the layoffs, which are expected to affect at least 100 of its roughly 1,100 employees, in a memo to staff Wednesday afternoon amid a slowdown in advertising revenue and as the global economy remains uncertain.. https://www.windowscentral.com/microsoft/microsoft-to-lay-off-11000-employees-as-soon-as-tomorrow, I saw a job posting that I am interested in at Microsoft. Though many tech firms have reduced their headcount recently, major competitor Apple has yet to announce layoffs. Does that mean all the people that were fired lost the vacation days from their severance package? Microsoft President Brad Smith joins 'Squawk on the Street' to discuss investment in ESG strategies, tech companies cutting labor forces, and Microsoft's investment in fundamental technology . 20-year Microsoft veteran KC Lemson (who also pioneered the much-loved Windows Insider Ninja Cat iconography) tweeted that she was part of the layoffs yesterday. 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). Stay up to date with what you want to know. I am telling him to stay positive, we don't know why yo. Investors will be watching the company closely to see if it can refocus its efforts on more profitable technologies and products. 10K layoffs at Microsoft announced today. Get this delivered to your inbox, and more info about our products and services. https://www.theverge.com/2023/1/17/23559412/microsoft-layoffs-job-cuts-2023 Does anyone know which orgs ? One of the main reasons companies use temporary or contract workers is for this very contingency. You will receive a verification email shortly. I'm going to make sure my mom doesn't go without. When retreating to the core business, companies turn to the quality products that make money. Please refresh the page and try again. Microsoft, like many other tech companies, recently announced plans to lay off 5% of staff. Each data point making up this analysis represents someone who is currently in a tough situation, and I hope that everyone affected can find strength and land on their feet. February 7Atlanta-based cybersecurity company Secureworks announced in a SEC filing it will cut 9% of its staff (estimated to affect roughly 225 of its nearly 2,500 employees, according to PitchBook), as it looks to reduce spending amid a time when some world economies are in a period of uncertainty., February 6Jet maker Boeing confirmed to multiple news outlets plans to cut around 2,000 jobs in finance and human resources this year, though the firm said it will increase its overall headcount by 10,000 employees with a focus on engineering and manufacturing.. HR will probably mass flag this post and get it removed. Despite the high-profile layoffs, the U.S. unemployment rate is hovering near a 54-year low at 3.4%, according to the latest government data, as the labor market remains tight. Updated on February 27, 2023. I am just supporting him. 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. Meta Platforms and Salesforce are among those in Silicon Valley that have slowed their pace of hiring this year, even as Coinbase, Netflix and others have resorted to layoffs. 2023 Crunchbase Inc. All Rights Reserved. "Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly," a Microsoft spokesperson told CNBC. Microsoft also laid off its entire "modern life" team in August, dedicated to winning consumers back into the Windows ecosystem from competitors like Apple. Making wealth creation easy, accessible and transparent. Just had a call 300 people org laid off. 9:00 AM PST February 26, 2023. #layoff. Download Q.ai today for access to AI-powered investment strategies. ABC News. The question that investors need to consider is where Microsoft goes from here. January 18 Microsoft's cuts, which affect 10,000 employees . It's pretty sad to see such a big company laying off employees. A number of companies have already moved to cut jobs, including Snap and, as Axios reported yesterday, Flipboard. Cuts are widespread, affecting the Xbox division, the Strategic Missions and. January 26Michigan-based chemical company Dow announced it would cut 2,000 positions globally in a cost-reducing plan aimed at saving $1 billion, as CEO Jim Fitterling said the company navigates macro uncertainties and challenging energy markets, particularly in Europe.. As pandemic fears have receded and businesses reopened, tech payrolls are higher than they need to be to keep operations running. In July, Microsoft called for about 10% revenue growth in the fiscal first quarter, slower than it's been in more than five years. Cutting back on investments in things like the HoloLens and office-based hardware like the Surface Hub are two components of this. Look Lenovo's way to find out. Like if you want more updates. Unless the company is making a concerted effort to pivot entirely to these new areas, these kinds of new initiatives are often the first ones cut when times are leaner. Editor's note: This story has been updated with additional details. Microsoft's Yusuf Mehdi: If customers want a particular chip, we will support them. February 8Internet technology management company GitHub, which is owned by Microsoft, announced it is laying off 10% of its workforceroughly 300 of its 3,000 employeesofficials confirmed to Forbes, saying the move is part of a budgetary realignment intended to preserve the health of our business in the short term). In February, Ericsson laid off around 8,500 workers, while Dell cut 6,650 roles. Anyone have insights on how the Microsoft layoff decisions today are being made? 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. Saw a few posts about layoff coming on 17th of Jan. PC sales have fallen as laptop sales rise, and Microsofts HoloLens, an augmented reality device, has fared poorly enough that the company chose to bury revenues from the product under the devices line item on its earnings report. January 26Hasbro said it would cut 15% of its global workforce this year (affecting roughly 1,000 full-time employees), as the toymakers revenue fell 17% over the past year against the backdrop of a challenging holiday consumer environment, CEO Chris Cocks said in a statement. #layoff #microsoft, To all the smarty "TRUST ME BRO" techies out there, can anyone tell me any update on this? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. January 13Crypto.com CEO Kris Marszalek announced the company, which had more than 2,500 employees as of October, according to PitchBook, will cut 20% of its staff in a message to employees, as the company faces ongoing economic headwinds and unforeseeable industry eventsincluding the collapse of Sam Bankman-Frieds cryptocurrency exchange FTX late last year, which significantly damaged trust in the industry.. WATCH: Microsoft says it's open to working with unions. As such, contract employees are usually the first out when the tide turns. three months after the social media giant cut 11,000 employees in the biggest round of layoffs in 2022. Beyond these areas, most jobs fall somewhere in between these poles. When I first realized that I may be laid off, I immediately called my mom and we prayed together. Access your favorite topics in a personalized feed while you're on the go. Technology giant Microsoft has sacked around 1,000 people in a fresh round of layoffs, according to US news website Axios. Not sure if any other org got laid off. Microsoft Layoffs - Blind Read the latest insights, reviews, and recommendations about Microsoft Layoffs from 5M+ verified employees at top companies. Is this the second round or those layoffs are just taking effect now? There are so many open positions in Azure and Windows group. While public companies have spent the last few months zig-zagging in layoffs numbers, startups are still cutting employees at a pretty steady cadence. Or are there more cuts planned this and next week? The company trimmed thousands of employees as it adjusted its approach to selling. I got news from a confirmed higher-up that there would layoffs in Microsoft India. If youre having trouble deciding on the best way to invest, consider working with Q.ai. Cutting 10,000 jobs, equal to about 5% of its workforce, gives Microsoft significant savings on wages and benefits. 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. The layoffs reportedly affect less than 1% of Microsoft's 180,000-person workforce and follow no clear pattern with respect to geography or product division, touching on teams including customer . Microsoft Layoff 2023? If you are involved in planning events, for example, those are some of the first things that companies cut when times get tight. This is the third round of layoffs at the Big Tech firm since July. January 12DirecTVs cuts could affect hundreds of employees, primarily managers, who make up nearly half of the companys 10,000 employees, sources told CNBC, as the company struggles with an increase in the cost to secure and distribute programming, and after the company lost nearly 3% of its subscribers (400,000) in the third quarter of 2022, according to the Leichtman Research Group. Microsoft is cutting hundreds of contractors amid layoffs and a hiring freeze. 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.. The big picture: Nearly all the major tech firms have slowed headcount growth, with many freezing all but essential hires. 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. October 18, 2022 at 5:25 p.m. EDT. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Watts-Porter's employment and layoff has been confirmed by Insider, and when asked for comment, Microsoft did not respond. February 2Okta CEO Todd McKinnon unveiled plans to reduce the tech companys workforce by 5% (roughly 300 positions) in an SEC filing on Thursday, citing a period of over-hiring over the past several years that did not account for the macroeconomic reality were in today., February 1NetApp, a San Jose, California-based cloud data company, announced plans in an SEC filing to lay off 8% of its staff (estimated to affect 960 employees) by the end of the fourth fiscal quarter of 2023 in light of the macroeconomic challenges and reduced spending environment.. 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. Amazon recently laid off 18,000 employees, while Facebook and Instagram owner Meta cut 11,000 jobs. Why would I be the exception? Technology companies big and small have slowed hiring plans or announced reductions in the workforce in recent months to withstand a possible economic recession, which central bankers have been trying to ward off by raising interest rates. Microsoft is the latest company to announce a large round of layoffs, cutting 10,000 jobs on Wednesday. In July, Microsoft laid off less than 1% of its staff of 180,000 across departments like consulting and customer solutions, according to Bloomberg. May 5, 2022: Cameo, the celebrity shout-out app, cuts 25% of its staff after . 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. My faith in God gives me hope. April 27, 2022: Robinhood, the popular investing app, lays off 9% of staff. Microsoft has seen success with its Microsoft 365 subscriptions for consumers, though. Sign up for free newsletters and get more CNBC delivered to your inbox. Microsoft lays off employees across countries. Its also worth noting that, since 2022, about a quarter of public companies that announced layoffs announced additional cuts in the following months. #microsoft #microsoft layoffs #layoffs #software #engineering. According to TechCrunch,. January 9Goldman Sachs could lay off as many as 3,200 employees in one of the biggest round of job cuts so far in 2023 as the investment banking giant prepares for a possible recession, multiple outlets reported, citing people familiar with the job cuts.