Microsoft is laying off 3% of its workforce: 6,500 jobs gone
Microsoft is set to lay off 3% of its global workforce, according to a report by CNBC, potentially affecting over 6,500 employees out of its 228,000 worldwide staff as of June.
A Microsoft spokesperson confirmed the layoffs to TechCrunch, stating, “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace.”
This move marks one of the company’s largest staff reductions since cutting 10,000 jobs in 2023. The recent layoffs are expected to impact all levels, locations, and teams within the organization.
Despite reporting a strong quarter in April with $70.1 billion in revenue, a 13% increase, and net income profits of $25.8 billion, an 18% rise, the company is proceeding with the layoffs. Microsoft had previously conducted layoffs in January, which were described as performance-based. In contrast, the current round of layoffs is not related to employee performance, according to a spokesperson who spoke to CNBC.
The tech industry has seen significant layoffs over the past year, with major companies like Amazon and Meta also implementing job cuts.