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Towards a new wave of job cuts at Microsoft

Microsoft currently has 221,000 employees, including 122,000 in the United States, according to the company’s website.

Microsoft will initiate a new wave of job cuts on a larger scale than those decided in recent months, within its engineering teams, the Bloomberg agency reported on Tuesday.

The Redwood firm had already carried out two rounds of layoffs, one in July that it said affected less than 1% of the workforce. The second took place in October and targeted fewer than 1,000 people, according to the Axios news site.

During an interview with CNBC in November, CEO Satya Nadella explained that no company is immune to macroeconomic trends, which currently show slowing activity.

The entire technological sector affected

Microsoft is due to publish its quarterly results on January 24. Its turnover is expected to grow just 2.7% in a year, a very slow pace for the IT giant accustomed to double-digit growth.

After rebounding at the start of the pandemic, the demand for IT products has normalized, a movement accentuated in recent months by the rise in rates by the US central bank (Fed).

Microsoft had initially held out thanks to the dynamism of remote (cloud) computing, but companies have tended to hold back on investment for several months fearing a deteriorating economy.

Several large groups in the technology sector have already made significant layoffs, including Amazon, which announced in early January the loss of just over 18,000 jobs.

Author: GA with AFP
Source: BFM TV

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