Just wanted to know if there is any update on Microsoft India layoffs or any insider. Microsoft's Yusuf Mehdi: If customers want a particular chip, we will support them. Cutting 10,000 jobs, equal to about 5% of its workforce, gives Microsoft significant savings on wages and benefits. As pandemic fears have receded and businesses reopened, tech payrolls are higher than they need to be to keep operations running. Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution. March 1Waymos cuts will affect 8% of its workforce, sources familiar with the matter told Reuters and The Information Wednesday, bringing the total number of employees laid off at the company this year to 209, after its parent company Alphabetwhich is also the parent company of Googleannounced a massive round of layoffs affecting roughly 12,000 employees (Waymo did not immediately respond to a request for comment from Forbes). Venture funding is still down year over year, and most companies are still struggling to find capital (unless youre OpenAI, in which case, youre probably not in our layoffs database anyway). 2023 CNBC LLC. 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). What they're saying: Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. 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. February 8Yahoo plans to cut more than half of its Yahoo For Business division by the end of the year, affecting more than 1,600 employees, including nearly 1,000 this week alone, according to a company spokesperson, who told Forbes the cuts will simplify and strengthen our advertising business, which has been not profitable and struggled to live up to our high standards.. MS didnt hire a lot like other companies in the past few years 2. That shift has made investors less interested in growth-oriented stocks such as Microsoft, whose shares have declined about 22% since the start of the year, while the larger S&P 500 index is down 19% over the same period. One of the main reasons companies use temporary or contract workers is for this very contingency. The cuts at Microsoft amount to less than 1% of the total headcount. 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. While Microsoft is laying off around 10,000 people, Amazon is laying off an astounding total of 18,000 people. 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 . Bloomberg reported on the move earlier. Microsoft even pivoted itsHoloLens hardware towards commercial customers, and there are new signs HoloLens could be in trouble. Microsoft Corp. (Nasdaq: MSFT) did not say if and how its reported layoffs across multiple divisions will impact its New England hub. The software maker called for the. Seeing a flurry of laid off posts from Microsoft employees today. Microsoft is due to release an earnings report next week. Your guess is as good as ours :-). Microsofts stock price fell after the announcement, following the markets downward trend for the day. Details: Microsoft declined to say how many jobs had been cut, but a source said the layoffs numbered under 1,000. On November 9, 2022, Meta announced that it was laying off 11,000 employees, which translates to ~13% of its total headcount. A number of companies have already moved to cut jobs, including Snap and, as Axios reported yesterday, Flipboard. In recent weeks, tech companies have seen significant layoffs. Its now bee, Likely will be 4-5% based on extrapolating data from my org. Which groups in Microsoft got impacted yesterday? #layoffs #micr, ~45 people laid off today from Microsoft Research in Redmond. Tiana Watts-Porter is a 25-year-old tech recruiter who started at Microsoft in May. I got news from a confirmed higher-up that there would layoffs in Microsoft India. But those areas run quite lean in most companies, even when times are flush. I wasnt sure if notifications are until March or if impacted employees leave by March end. Verified info from MS Internal Blind 2. If you're an essential part of building the most profitable product for your company, your layoff risk is low. Include major successes, and the essential summary information you might include when describing your job to an outsider. After the pandemic, many companies didn't recover the way they wanted to, and one way to adjust for that is to perform layoffs. Thoughts? But it's also difficult, because you don't have the stability and permanency of someone with a full-time position. 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. Sheldon Cooper/SOPA Images/LightRocket via Getty Images, latest round of tech layoffs sweeping the industry, becoming more and more common for tech companies to rely on contractors. I've even found that when I interview for full-time jobs, they see that I was a contractor in the past and are more inclined to hire me in that capacity. #layoff. Why would I be the exception? He cut 5% of his workforce. The layoffs affect Microsoft vets like Greg Chapman and KC Lemson, and cut across a broad swath of departments and orgs. Any insider comment? Bad news: Thats not actually saying much. But it's really difficult to be a contractor, because people don't realize that contractors have just as much if not more experience than full-time employees. The company trimmed thousands of employees as it adjusted its approach to selling. 2023 CNBC LLC. 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. The move marks the latest sign of weakness among some of the largest U.S. tech companies amid persistent inflation, recession fears and stock market woes. Have they actually already laid off 10k? I know of some and it seems like it is more driven by group manager discretion than performance, tenure, or recent hire. I think companies are trying to prepare for the worst: a possible upcoming recession. When you purchase through links on our site, we may earn an affiliate commission. The Microsoft executive in charge of Office productivity software, Rajesh Jha, in May told his team to obtain permission before opening new roles. The conversation has been edited for length and clarity. Jez is known for breaking exclusive news and analysis as relates to the Microsoft ecosystem while being powered by caffeine. 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. Looks like most affected are consultants and project managers. 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. Microsoft is cutting hundreds of contractors amid layoffs and a hiring freeze. You'd much rather have it and not need it, than need it and not have it. 2023 Crunchbase Inc. All Rights Reserved. Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed. Windows Central is part of Future US Inc, an international media group and leading digital publisher. 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 . Follow on Twitter @JezCorden and listen to his Xbox Two podcast, all about, you guessed it, Xbox! The cuts . I'm going to make sure my mom doesn't go without. I have an offer to go outside Microsoft at a non-tech company so just weighin, Since Microsoft owns LinkedIn, would LinkedIn be affected by the upcoming layoffs? This will likely contain more details about its future plans, including adjustments to its hardware and cloud strategies, giving investors a clearer idea of where the company will be headed. 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. 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. 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. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); 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.. We want to hear from you. And of course, keep it and your rsum on your personal device in case the worst happens without notice. Those who work at Microsoft, how did the news come? 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. Some people may find a new job within a week, but other people may be out of work for months. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. After my last few years of experience in the job market, I don't believe in company loyalty. But when layoffs come, contractors are often the first on the chopping block. My faith in God gives me hope. 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. I stopped believing in it because I know I'm just a number to any company I work for. by Joe Panettieri Oct 18, 2022 Microsoft layoffs have impacted some employees across the Xbox division, and the Strategic Missions and Technology organization. Moving forward, Microsoft will look to focus its resources on areas of growth while reducing its investments in other areas. In June, Microsoft slashed its income and revenue guidance, citing unfavorable foreign-exchange rates. Other redundancies hit the gaming org, the legal department, and the division setting up government bodies with Microsoft tech. The move aligns with efforts at technology companies big and small to lower costs. It can difficult to judge your layoff risk, but those close to profits are not typically targeted.. Microsoft laid off employees across the company, with a person familiar saying it affected under 1,000 jobs. January 18Amazon, one of the biggest companies in the country, had outlined a plan to eliminate more than 18,000 positions (including jobs that were cut in November) starting January 18 in a message to staff earlier this month from CEO Andy Jassy, who said the company is facing an uncertain economy after hiring rapidly over the past few years. Microsoft is one of the largest tech companies in the world, responsible for the Windows operating system, office software, cloud services, gaming and more. ThirdEye's second-gen X2 MR glasses can be . 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. Microsoft says it's open to working with unions, less interested in growth-oriented stocks. The Redmond-based tech giant (Nasdaq: MSFT) is . Microsoft Corp. on Monday provided an omen. :D Edit: I think people are too sensitive about the emoticon :D here. 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. Got a confidential news tip? The company will be announcing earnings on Oct. 25. Microsoft killed off its Groove Music service in 2017, officiallydiscontinued Kinect in the same year and also finally admittedWindows Phone was dead. I don't care if I have to become a delivery driver or start doing Lyft and Uber rides. Google declared layoffs after Microsoft worldwide but the Indian list was released before Microsoft(who hasn't declared any, https://www.businessinsider.com/microsoft-layoffs-widespread-xbox-azure-government-2022-10 Seems like the usual msft trimming. "Today we had a small number of role eliminations. May 5, 2022: Cameo, the celebrity shout-out app, cuts 25% of its staff after . Total employment in the U.S increased by 517,000 positions in January, nearly tripling economists expectations, as industries such as construction, hospitality and healthcare bring in new workers despite recent cuts primarily in the tech industry. In fact, for U.S.-focused startups, February was the . MSFT beat expectations but not by a whole lot. Stay up to date with recent funding rounds, acquisitions, and more with the If you've been affected by the layoffs and want to share your story, please contact me at jez@windowscentral.com or @jezcorden on Twitter. Judging your layoff risk in these inbetween roles can be difficult. Januarys layoffs were primarily driven by public companies, which were responsible for a record 93% of laid-off U.S. tech workers that month. Fast-forward to February: Large tech companies only made up about 82% of layoffs still the majority by a long shot, but we saw worse in November, when 88% of workforce cuts were driven by public tech firms. 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. According to TechCrunch,. Microsoft plans to lay off 10,000 employees as part of broader cost-cutting measures, the company said in a securities filing on Wednesday, making it the latest tech company to reduce staff. More than 120 large U.S. companiesincluding tech startups, major banks, manufacturers and online platformsconducted major rounds of layoffs last year, cutting nearly 125,000 employees, according to Forbes layoff tracker. Updated Oct 18, 2022, 3:41 PM IST. Startups in cyber, defense and biotech all saw some large rounds in a week that for once was not dominated by artificial intelligence. January 13LendingClub announced it would lay off 225 employees (roughly 14% of its workforce) in a SEC filing, amid a challenging economic environment, as the San Francisco-based company attempts to align its operations to reduced marketplace revenue following seven rounds of Federal Reserve interest rate hikes last year and as concerns persist of a potential recession. 3. https://blogs.microsoft.com/blog/2023/01/18/subject-focusing-on-our-short-and-long-term-opportunity/ My hands are shaking typing this.. stay strong folks. Get this delivered to your inbox, and more info about our products and services. Amazon's retail division decreased its 2022 hiring goal as well, Insider reported in May. 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 . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. If youre having trouble deciding on the best way to invest, consider working with Q.ai. We will continue to invest in our business and hire in key growth areas in the year ahead.". . Microsoft originally formed the Modern Life Experiences team in 2018 after a rocky period for its consumer services. Stay up to date with what you want to know. Like if you want more updates. Microsoft previously said it planned to lay off less than 1% of its 180,000-person workforce as markets sour and the risks of a recession loom. Is this the second round or those layoffs are just taking effect now? Sleeker, more powerful, and redesigned check out the new Lenovo ThinkPad X13 and X13 Yoga, Microsoft is reportedly making anywhere up to 1,000 redundancies, as part of a previously announced "restructuring.". 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. Haje Jan Kamps. "Today we notified a small number of employees that their roles have been eliminated," a Microsoft spokesperson told CNBC in an email. What the heck is a Tiny-in-One? It seems more like a planned thing that was coming anyway and not due to recession Updates: 1. 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.. Just posting this to piss off Microsoft HR, even though I don't work there. Microsoft 365 consumer subscriptions grew 15 percent in the recent quarter, up to 59.7 million. A Microsoft spokesperson confirmed the move, which comes three months after the company announced a round of layoffs affecting less than 1% of employees. Recession-proof Microsoft lays off nearly 1,000 employees across the company BY Christiaan Hetzner October 18, 2022, 12:00 PM UTC Microsoft CEO Satya Nadella let go of roughly 1,000. Multiple laid-off workers turned to Twitter and Blind, among other online forums, to share that their job had been cut. 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. All Rights Reserved. Are they just doing it weekly as they go? Update this list at least once a month to ensure that it's current and your memory of events is fresh. Many are seeing layoffs in the news and wondering about their own risk of being laid off. HoloLens hardware towards commercial customers, Microsoft 365 subscriptions for consumers, Mark Zuckerberg says Meta now has a team building AI tools and personas, Whoops! If companies don't have loyalty to their employees, we shouldn't have any loyalty to them. There are so many open positions in Azure and Windows group. This combined number includes layoffs in November 2022. 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. Also when layoffs is going to start in India? We'll update this article with further developments in the coming days. 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. You certainly don't want to keep company proprietary information, but a noteworthy list that's always up-to-date will make updating your rsum a snap if or when you need to do it. 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. 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. Banking giant Citigroup is cutting hundreds of employees in the firms latest round of cuts in the past four months, Bloomberg reported Thursdaymaking it the latest U.S. company to lay off staff, following major cuts this week at Thoughtworks, General Motors, Waymo, Twitter, Palantir and Cerebral. When I logged into work on Monday, I had several coworkers telling me there were layoffs and they had been affected. Microsoft will lay off about 1,000 employees, the company confirmed Tuesday. 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). When retreating to the core business, companies turn to the quality products that make money. Besides that any other group? There are many reasons that tech companies have been forced to make cuts, including rising interest rates. March 1Citigroups cuts are expected to affect less than 1% of the companys roughly 240,000 employees, sources familiar with the matter told Bloomberg, after the company reportedly cut another 50 trading employees in November (Citi did not immediately respond to Forbes request for details). It is unknown when the layoffs are planned to st, Is it true? New York, February 27Cerebral confirmed the mental-health startup will cut 15% of its workforce (roughly 285 employees) in a statement to Forbes, saying the layoffs are part of a reorganization planthe companys third round of layoffs since last summer, including one round in June that affected 350 employees. All Rights Reserved, By submitting your email, you agree to our. A Microsoft spokesperson on Monday confirmed that the company let go of additional workers as the software maker's revenue is expected to slow, thanks to weaker sales of Windows licenses for PCs. He told me today some HR created a 4,000 people group in teams and deleted in an hour. Lemson worked within the office of the Chief Technical Officer, incubating projects. 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. The software maker called for the slowest revenue growth in more than five years in the quarter that ended Sept. 30. Verified info from MS Internal Blind 2. By clicking Sign up, you agree to receive marketing emails from Insider Microsoft layoffs: The software giant is likely to lay off thousands of employees across human resources and engineering divisions, according to multiple media reports. Around 6K is the number one source mentioned. That same earnings report saw a small 2% increase in device sales, but Microsoft warned that device revenue could drop as much as 30% by the next earnings report. https://www.theverge.com/2023/1/17/23559412/microsoft-layoffs-job-cuts-2023 Does anyone know which orgs ? Mixed Reality has been impacted. The number of companies anointed unicorn status skyrocketed in 2021, but some of those are beginning to reset their valuation to make peace with the changing venture landscape. Still, the overall Microsoft staff cuts hit fewer than 1,000 employees at the cloud services and software giant, Business Insider reported. TC: 280k. All eyes will now be on Microsofts hire of Manik Gupta last year, the former head of product at Uber. In other words, was a rip-the-bandaid approach taken or is there a storm, 1. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Microsoft Layoffs 2022 - Blind Looks like it's started but not in engineering. January 5Online apparel company Stitch Fix will lay off 20% of its salaried staff and close a Salt Lake City distribution center, founder and interim CEO Katrina Lake announced in an internal memo, after laying off another 15% of its staff last June. 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). 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. And now, here are the 3 employees most at risk during layoffs. February 9News Corp, the owner of the Wall Street Journal, New York Post, publishing giant HarperCollins as well as outlets in the U.K. and Australia, plans to slash its workforce by 5% this year (roughly 1,250 employees), the Journal reported, following a 7% revenue drop to $2.52 billion over a 12-month period ending in December. It means I am curious and feel mildly embarrassed asking it. 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. https://www.seattletimes.com/business/microsoft-cuts-10000-jobs-about-5-of-global-workforce/ The argument was always, Its pay in exchange for job security. Doesnt seem like that reason to stay holds water anymore. Just had a call 300 people org laid off. January 31HubSpot, a Cambridge, Massachusetts-based software company, said it would cut 7% of its workforce by the end of the first quarter of 2023 in a SEC filing, as part of a restructuring plan, with CEO Yamini Rangan telling staff it follows a downward trend after the company bloomed in the Covid-19 pandemic, with HubSpot facing a faster deceleration than we expected., January 30Philips said it would cut 3,000 jobs worldwide in 2023 and 6,000 total by 2025 after the Dutch electronics and medical equipment maker announced $1.7 billion in losses for 2022, as CEO Roy Jakobs added the company will now focus on strengthening our patient safety and quality management.. January 31In a statement on Tuesday, online payment company PayPal announced it would cut 7% of its global workforce (2,000 full-time positions) amid a competitive landscape and a challenging macro-economic environment, CEO Dan Schulman said. Here are some general guidelines roughly in order of lowest risk to highest. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. I want to get to the next opportunity as soon as possible so that my mom knows she's taken care of. February 21McKinseys job cuts could affect more than 4% of the companys nearly 44,000 employees, according to PitchBookMcKinsey did not immediately respond to Forbes request for further details, though people familiar with the matter told Bloomberg the New York-based company is expected to conduct the layoffs in the coming weeks. Why it matters: The move is yet another example of large tech companies cutting jobs after earlier moving to slow or freeze hiring as the broader economy cools. Is it for the next round of layoffs? This is Watts-Porter's story, as told to writer Fortesa Latifi. Recession fears and rising interest rates have bludgeoned the industry. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. MS Stocks and financials seem stable than others 3. January 23Spotify will lay off 6% of its workforce (roughly 600 employees, based on the 9,800 full-time workers it had as of a September 30 filing) and shares of the firm rose more than 5% in early trading as investors continue to largely digest tech layoffs as positive news for bottom lines, while the companys chief content officer Dawn Ostroff will depart the company as part of the reorganization. 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. 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. Microsoft had fired nearly 1% of its 180,000-strong workforce across offices and product divisions in July as part of a 'realignment'. On the other hand, this could be the first sign of a continued downward trend for the company. Just look at how many high-profile tech layoffs there have been this year: from Better to Tesla to Robinhood to Microsoft.

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