Microsoft cuts about 1,000 jobs – Axios
2022.10.18 04:38
© Reuters. FILE PHOTO: Small figurines are seen in front of displayed Microsoft logo in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Ilustration
(Reuters) – Microsoft Corp (NASDAQ:) laid off under 1,000 employees across several divisions this week, Axios reported on Tuesday, citing a source, making it the latest U.S. technology company to cut jobs or slow hiring amid a global economic slowdown.
The layoffs affected less than 1% of Microsoft’s total workforce of around 221,000 as of June 30.
The company had said in July that a small number of roles had been eliminated and that it would increase its headcount down the line.
Microsoft did not immediately respond to a Reuters’ request for comment on the Axios report.
Several technology companies, including Meta Platforms Inc, Twitter Inc (NYSE:) and Snap Inc (NYSE:) have cut jobs and scaled back hiring in recent months as global economic growth slows due to higher interest rates, rising inflation and an energy crisis in Europe.
