About 700 Microsoft employees will be laid off next week, sources say
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.
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.
- PM's visit to vaccine centres gets 'praise' from Congress
- Pollution, pandemic and pre-term birth
- Serum Institute of India threatens to seek ₹100 crore in damages from Chennai volunteer
- PM to interact with more teams of Covid-19 vaccine developers
- UP to have cold chain space for 1.23L litres of vaccine