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Business News of Tuesday, 11 July 2023

Source: www.legit.ng

Microsoft to sack more employees six months after 10,000 job cuts

The photo used to illustrate the story The photo used to illustrate the story

Microsoft has announced it is embarking on a new round of job cuts internally which is expected to impact an unknown number of employees in customer service, support, and sales.

The company said the exercise is in addition to the January downsizing which saw 10,000 layoffs in the period.

Confirming the layoff to GeekWire’s inquiry, it explained the development is part of business management especially as the company enters the fiscal year 2024 from July.

There are signs that the cut would impact 276 individuals in the company's home state of Washington, even though the precise number isn't given.

Confirming the layoff to GeekWire’s inquiry, it explained the development is part of business management especially as the company enters the fiscal year 2024 from July.

There are signs that the cut would impact 276 individuals in the company's home state of Washington, even though the precise number isn't given.

A Microsoft spokesperson said in a statement: “Organizational and workforce adjustments are a necessary and regular part of managing our business.

We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners.” It would be recalled that a few weeks into the year 2023, Legit.ng had compiled a list of global top companies that had already announced intentions to sack a combined 97,000 staff.

Along with Microsoft, the staff of other major companies including Stripe, Meta, Coinbase Lyft and Twitter were also affected in the surprising layoffs.