About 700 Microsoft employees will be laid off next week, sources say
REUTERS/Adnan Abidi
That is not a huge number compared to Microsoft's workforce of about 113,000 people, but we understand nerves have been running high inside of Microsoft as employees hear rumors that hundreds of jobs will be cut.
This layoff is part of the previously announced plan to cut 2,850 roles announced in June in Microsoft's annual report. At that time, Microsoft said that it planned to complete those cuts by June 2017, which is the end of Microsoft's 2017 fiscal year.
Most of the 2,850 roles scheduled to be cut have already been eliminated, according to the person familiar with the matter. The upcoming cuts won't be specific to any single group, but will be spread across the company's worldwide offices and business units, including sales, marketing, human resources, engineering, finance and more.
The goals of these rotating smaller layoffs is not to reduce costs but to update skills in various units, this person tells us. And such layoffs don't have much of an impact on Microsoft's overall headcount. Microsoft is still hiring, with well over 1,600 job openings posted on LinkedIn.
We understand that Microsoft typically gives laid-off employees 60 days to find a new position internally and offers two weeks pay for every 6 months of employment, according one employee.
Under Microsoft CEO Satya Nadella, Microsoft has experienced several rounds of layoffs including cutting approximately 7,400 positions in its last fiscal year, primarily from the phone business and its largest ever layoff in history of 18,000 jobs in 2014.
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- A millennial manager went viral after her Gen Z assistant picked up a work call while at the hair salon: 'Go off queen'
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Kia India looks to expand sales, service network to 700 touchpoints by year-end
- Shapoorji Pallonji’s Afcons Infra files DRHP for ₹7,000 crore IPO
- Water crisis affects businesses across Bengaluru; Is there room for cautious optimism?
- BenQ Zowie EC2-CW review – Premium wireless mouse for gamers
- Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings