Microsoft Lays Off a Portion of Its Workforce as Part of a 'Realignment'

Microsoft today became the latest Big Tech company to cut jobs during a period of mounting economic uncertainty. Bloomberg reports that the Redmond firm is 'realigning business groups and roles' after the close of its fiscal year (on June 30), even as the company intends to grow its headcount in the coming months. From a report: 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 and partner solutions and consulting. They come after Microsoft slowed hiring in the Windows, Teams, and Office groups while assuring that recruitment hadn't been affected by industry headwinds. 'Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,' Microsoft told Bloomberg in an emailed statement. 'We will continue to invest in our business and grow headcount overall in the year ahead.' Microsoft reported strong earnings in Q3, with a 26% year-over-year increase in cloud revenue and overall revenue of $49.4 billion. But in early June, the company revised its Q4 revenue and earnings guidance downward, citing the impact of foreign exchange fluctuations.

Read more of this story at Slashdot.