January 4San Francisco-based software giant Salesforce will reduce its headcount by 10%, or 7,900 employees, CEO Marc Benioff announced in an internal letter, amid a challenging economic climate and as customers take a more measured approach to their purchasing decisions., January 4Online video platform Vimeo announced its second round of cuts in the past six months, which affect 11% of its workforce (roughly 150 of its 1,400 employees, according to data from PitchBook), with CEO Anjali Sud attributing the companys decision to a deterioration in economic conditions.. On November 9, 2022, Meta announced that it was laying off 11,000 employees, which translates to ~13% of its total headcount. In July, Microsoft laid off less than 1% of its staff of 180,000 across departments like consulting and customer solutions, according to Bloomberg. Microsoft's Yusuf Mehdi: If customers want a particular chip, we will support them. Seeing a flurry of laid off posts from Microsoft employees today. On Wednesday, Microsoft CEO Satya Nadella announced the layoff of 10,000 employees. Pretty much the entire org was eliminated. When retreating to the core business, companies turn to the quality products that make money. Another 15-year vet, Greg Chapman, also tweeted that he'd been laid off. Microsoft Corp. (Nasdaq: MSFT) did not say if and how its reported layoffs across multiple divisions will impact its New England hub. Thoughts? Tech Companies That Have Made Layoffs in 2023 What they're saying: Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. You'd much rather have it and not need it, than need it and not have it. 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 . I'm a former VP of HR at Microsoft and have been on both sides of a layoff. Microsoft: Cut nearly 1,000 employees. Sign up for notifications from Insider! 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. Microsofts consumer efforts are now focused on Windows, Microsoft 365, Microsoft Teams for consumer, Surface, and of course Xbox. Layoffs are a somber and saddening subject. Microsoft has kicked off a large round of layoffs, affecting various Future US, Inc. Full 7th Floor, 130 West 42nd Street, Not sure why these companies hire when they cant afford to keep them. And of course, keep it and your rsum on your personal device in case the worst happens without notice. Access your favorite topics in a personalized feed while you're on the go. We want to hear from you. In addition, HR is essential in the layoff process, and finance is often relied on as the financial status gets more scrutiny. #tech #microsoft, It seems official now. Microsoft says it's open to working with unions, less interested in growth-oriented stocks. Tech layoffs in 2022: A timeline | Computerworld The company has also cut hardware development and releases, scrapping plans for products like the Surface Duo 3 and not announcing any upgrades to its new Surface Hub 2S. I think companies are trying to prepare for the worst: a possible upcoming recession. 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. Moving forward, Microsoft will look to focus its resources on areas of growth while reducing its investments in other areas. Windows Central is part of Future US Inc, an international media group and leading digital publisher. October 18, 2022 at 5:25 p.m. EDT. 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 sluggish performance in nine years, in part because of geopolitical issues. #microsoft, My brother works in Microsoft as an engineer. Another area where you should be concerned is new initiatives. On the other hand, this could be the first sign of a continued downward trend for the company. These tech companies have imposed major layoffs in 2022 But just four months later, I've already lost my job to the latest round of tech layoffs sweeping the industry. Tech layoffs have run rampant in recent months. I dont think weve seen those companies being put through the crucible yet. Beyond these areas, most jobs fall somewhere in between these poles. There was a problem. 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. A good tool is to maintain a personal list of your accomplishments in a running document. 2023 Vox Media, LLC. Technology companies are often viewed as volatile and reliant on borrowed money or other influxes of capital. Look Lenovo's way to find out. Just wanted to know if there is any update on Microsoft India layoffs or any insider. Think of all dimensions - CEO email, execution, severance, empathy. As such, these areas are rarely the source of major cuts in most layoffs. February 7In a Securities and Exchange Commission filing, eBay announced a 4% reduction to its workforce (500 employees), as the San Jose, California-based e-commerce company works to cut costs with considerations of the [global] macroeconomic situation.. Any rumors? Looks like most affected are consultants and project managers. 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. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. In recent weeks, tech companies have seen significant layoffs. https://www.cnbc.com/2022/10/18/microsoft-confirms-job-cuts-after-calling-for-growth-to-slow.html. January 20Boston-based furniture e-commerce company Wayfair announced it would cut 10% of its global workforce (1,750 employees), including 1,200 corporate positions, in a move to eliminate management layers and reorganize to be more agile amid reduced salesthe companys latest round of job cuts following its decision to cut 870 employees last August. 150 in Engineering also part of layoff. Just look at how many high-profile tech layoffs there have been this year: from Better to Tesla to Robinhood to Microsoft. A Division of NBCUniversal. Though many tech firms have reduced their headcount recently, major competitor Apple has yet to announce layoffs. Include major successes, and the essential summary information you might include when describing your job to an outsider. 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. Do you. 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. While public companies have spent the last few months zig-zagging in layoffs numbers, startups are still cutting employees at a pretty steady cadence. What Microsoft's Recent Layoffs Mean For The Company And Investors 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. Just posting this to piss off Microsoft HR, even though I don't work there. It's becoming common in our industry to get laid off. Microsoft 365 consumer subscriptions grew 15 percent in the recent quarter, up to 59.7 million. Earlier this week, Microsoft announced major layoffs, with staff cuts planned across multiple divisions. Good news: February layoff numbers for the U.S. tech sector were lower than those in January. 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? These layoffs come after all three businesses added to their payrolls during the pandemic years. Facebook and Instagram parent company Meta plans to ask company executives, lawyers and financial experts to devise a plan for a major reorganization that could affect thousands of employees, sources familiar with the matter told the Washington Post, three months after the social media giant cut 11,000 employees in the biggest round of layoffs in 2022. Verified info from MS Internal Blind 2. 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. This combined number includes layoffs in November 2022. #layoffs #micr, ~45 people laid off today from Microsoft Research in Redmond. Cutting 10,000 jobs, equal to about 5% of its workforce, gives Microsoft significant savings on wages and benefits. Chapman worked on the Azure team, making realistic 3D simulations for government organizations. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Axios, which reported the layoffs earlier on Monday, said the cuts impacted fewer than 1,000 people and cited an unnamed person. 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.. Amazon's retail division decreased its 2022 hiring goal as well, Insider reported in May. February 15Accounting firm KPMG could cut 2% of its staff (roughly 700 employees), the Financial Times reported, citing a staff memo from Carl Carande, the vice-chair of the companys U.S. advisory business, who said the cuts are intended to align its workforce with current and anticipated market demandmaking it the first of the so-called Big Four accounting firms to conduct a major round of layoffs amid growing recession fears in recent months. Still, the overall Microsoft staff cuts hit fewer than 1,000 employees at the cloud services and software giant, Business Insider reported. Around 6K is the number one source mentioned. #layoff #microsoft, To all the smarty "TRUST ME BRO" techies out there, can anyone tell me any update on this? . 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. They want to remain flexible in case of a downturn. Also when layoffs is going to start in India? But that's just not how it works anymore. Making wealth creation easy, accessible and transparent. January 243M, the maker of Post-it Notes and Scotch tape, announced it would cut roughly 2,500 global manufacturing positions in a financial report, as chairman and CEO Mike Roman said the company expects macroeconomic challenges to persist in 2023.. Three days before its Q4 earnings call, Twilio announced it would lay off 15,000 people. Company information: Industry/Area of Activity: Software Company Stock Ticker: MSFT Stock traded at: XNAS Industry Code: 9537 About Microsoft Corp.: Microsoft Corporation is a large multinational technology company with headquarters in Redmond, Washington. February 8Nomad Health, a New York-based online healthcare staffing management company, is laying off 17% of its corporate staff (nearly 120 employees), with CEO Alexi Nazem telling workers in a letter obtained by Forbes the move comes as the company is confronting a major shift in the post-pandemic economy due to high inflation, recession fears and low consumer demand. It means I am curious and feel mildly embarrassed asking it. January 18Teladoc Health will cut 6% of its staffnot including cliniciansas part of a restructuring plan the company announced in a financial report on Wednesday, as the New York-based telemedicine company attempts to reduce its operating costs amid a challenged economic environment.. Microsoft even pivoted itsHoloLens hardware towards commercial customers, and there are new signs HoloLens could be in trouble. When I logged into work on Monday, I had several coworkers telling me there were layoffs and they had been affected. Its also worth noting that, since 2022, about a quarter of public companies that announced layoffs announced additional cuts in the following months. 2023 Layoff Tracker: Citi Reportedly Cutting Hundreds Of Staff Lenovo's Surface-like IdeaPad Duet 3i packs the Intel N-series CPU but you won't find it in the US, Lenovo's new ThinkPad Z13 features a woven Flax cover made from plant fibers, Lenovo ditches old haptic touchpad tech for Sensels FusionUX stack heres why its a big deal. Microsoft, like many other tech companies, recently. For U.S.-focused private companies, February was the second-largest layoff month after November. Verified info from MS Internal Blind 2. Tech companies arent breaking up with their employees at the scale we saw in January, which was the biggest layoff month since we began tracking job cuts data in 2022 with over 65,000 layoffs. 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. In 2018 the software giant originally detailed its. My TC: $250k (I work at MSR and was one of the ones laid off today) #layoff. Microsoft Layoffs News - Microsoft Corp. News from EIN News It can difficult to judge your layoff risk, but those close to profits are not typically targeted.. Alex Kipman, who created Kinect and led development on Windows Mixed Reality, resigned following reports of inappropriate behavior, with a significant U.S. military contract for HoloLens reportedly on the rocks. Chris Williams is the former VP of HR at Microsoft and a leadership advisor, podcaster, TikTok creator, and author.This story was originally published in September 2022. 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.". Regardless of your layoff risk, keeping your rsum up-to-date is always good advice. January 26SAP, said it will lay off 3,000 workersaround 2.5% of its global workforcein its earnings call announcing its fourth quarter 2022 results on Thursday, but did not specify where those cuts would be made. A Division of NBCUniversal. Microsoft Corp. Layoffs - TheLayoff.com Does anyone know what orgs the layoffs are affecting? Here is a list of Meta and other tech company layoffs in 2022. The company is facing slower PC and cloud sales, which could be one of the reasons behind. Microsoft lays off employees in Xbox, Studio Alpha divisions - The Bad news: Thats not actually saying much. Satya Nadella, chief executive officer of Microsoft Corp., speaks during a panel session on day two of the World Economic Forum in Davos, Switzerland, on May 24, 2022. We will continue to invest in our business and hire in key growth areas in the year ahead, Microsoft said in a statement to Axios. 2023 CNBC LLC. After an unfortunate health incident last year, I'm largely responsible for taking care of my mother and I wanted her to know that no matter what happened, she would be taken care of. I wasnt sure if notifications are until March or if impacted employees leave by March end. Although the company didn't cite the number of layoffs or the divisions impacted, Axios reports that the cuts affected "a variety of levels, teams, and parts of the world," and totaled "under 1,000 workers." Microsoft has spent 2022 curbing some of its job-hiring momentum. All Rights Reserved. Microsoft lays off portion of workforce in 'realignment' - TechCrunch I anticipate as economy worsens and gdp gets worse, next quarter they will not meet wall streets expectations. A Microsoft spokesperson confirmed the move, which comes three months after the company announced a round of layoffs affecting less than 1% of employees. Microsoft killed off its Groove Music service in 2017, officiallydiscontinued Kinect in the same year and also finally admittedWindows Phone was dead. Januarys layoffs were primarily driven by public companies, which were responsible for a record 93% of laid-off U.S. tech workers that month. Microsoft layoffs October 2022: The tech giant cuts nearly 1,000 jobs Oct 17, 2022 - Technology Microsoft becomes latest tech firm to cut staff Ina Fried, author of Axios Login Illustration: Natalie Peeples/Axios Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed. 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. When you purchase through links on our site, we may earn an affiliate commission. Satya Nadella, chairman and chief executive officer of Microsoft Corp., speaks during the virtual Meta Connect event in New York on Oct. 11, 2022. I started. Recession-proof Microsoft lays off nearly 1,000 employees across the 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. In previous generations, people were told to graduate college and get a good job then work there until they retire and cash out their 401k accounts. 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. With Investment Kits, like the Emerging Tech Kit, investing can be simple and fun. Microsoft continues layoffs, sacks nearly 1,000: report If it succeeds at cutting staff that work on less profitable products and focusing its efforts on areas of growth, this could be a strong purchase opportunity for investors. 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. Google parent company Alphabet slashed its workforce by 12,000 people, while Microsoft and Amazon let go of 10,000 and 8,000 employees, respectively. 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. If, when times were flush, the company recently decided to explore new lines of business, or expand into new territories, those are tenuous places to work. 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. Is it for the next round of layoffs? Messages relating to layoffs at Microsoft Corp. are presented below the company info. Stay up to date with what you want to know. Some people may find a new job within a week, but other people may be out of work for months. Amazon layoffs. The software maker called for the. Sign up for free newsletters and get more CNBC delivered to your inbox. Microsoft's president responds to big tech layoffs January 18 Microsoft's cuts, which affect 10,000 employees . Details: Microsoft declined to say how many jobs had been cut, but a source said the layoffs numbered under 1,000. The news comes weeks after Microsoft cut less than 1 percent of its 180,000-person workforce, with job cuts in consulting, and customer and partner solutions. As such, contract employees are usually the first out when the tide turns. February 27Denver-based software company Palantir Technologies will cut just under 2% of its workforce, even as the company reported a $31 million profit in the last fiscal quarteraffecting as many as 76 of the companys 3,838 employees, according to PitchBook (Palantir did not immediately respond to an inquiry from Forbes). Chris Williams is a former VP of HR at Microsoft and podcaster, consultant, and TikTok creator. 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. Microsoft has experienced some high-profile churn within its organization recently. To me it feels cheap. January 26Software company IBM announced it would slash 1.5% of its global workforce, estimated to affect roughly 3,900 employees, according to CFO James Kavanaugh, multiple outlets reported, as the company expects $10.5 billion in free cash flow in fiscal year 2023. 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. Microsoft is the latest company to announce a large round of layoffs, cutting 10,000 jobs on Wednesday. Cuts are widespread, affecting the Xbox division, the Strategic Missions and. 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. Google laid off 12,000 workers in January, Meta (Facebook's parent company) said goodbye to 11,000 last November, and Microsoft and Amazon each. Are they just doing it weekly as they go? Anyone knows whens the next layoff date? Mapping out the future of AR, ThirdEye is taking on Google and Microsoft in real-life scenarios. Follow on Twitter @JezCorden and listen to his Xbox Two podcast, all about, you guessed it, Xbox! ABC News. January 5Crypto lender Genesis Trading reportedly laid off 30% of its workforce, according to the Wall Street Journal, which spoke to unnamed sourcesthe companys second round of cuts since August, lowering its staff to 145. MS Stocks and financials seem stable than others 3. 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. ThirdEye's second-gen X2 MR glasses can be . With so many big companies like Amazon, Meta etc announcing layoffs, i wonder if Microsoft will follow? The cuts at Microsoft amount to less than 1% of the total headcount. This is the third round of layoffs at the Big Tech firm since July. Microsoft has also been cutting open job roles as it slows hiring amid a weakening economy. as well as other partner offers and accept our. 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). If companies don't have loyalty to their employees, we shouldn't have any loyalty to them. 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. In June, Microsoft slashed its income and revenue guidance, citing unfavorable foreign-exchange rates. The company with the most rounds of cuts was Peloton, which underwent four separate rounds of layoffs, including one that affected more than 2,800 workers. "Today we had a small number of role eliminations. #layoff, WARN notice posted https://esd.wa.gov/about-employees/WARN, Any layoffs coming at Microsoft in 2023? 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. Not sure if any other org got laid off. 2023 Crunchbase Inc. All Rights Reserved. HR will probably mass flag this post and get it removed. 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. Microsoft has announced some serious employee layoffs Rumor going around there is one more layoff at MS on 2/6. Tc: 201k Yoe: 3, Microsoft decided to change it's policy and start giving employees unlimited time off recently. https://www.businessinsider.com/microsoft-layoffs-employees-bracing-for-more-2023-1 https://finance.yahoo.com/news/microsoft-cut-thousands-jobs-sky-185334089.html (Reuters) - Microsoft Corp is contemplating cutting about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported, https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/, Does anyone know if the layoffs also will come with new grad offer rescinds, https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/ 166k #severance #layoff #microsoft, Hi All, Asking for one of my friend, which all teams/org/division in Microsoft IDC are affected? One of the main reasons companies use temporary or contract workers is for this very contingency. You will receive a verification email shortly. Got a confidential news tip? Stay up to date with what you want to know. Bonnie Ross, who led the 343i team developing the Halo franchise, famously left the company a few weeks ago following ongoing criticism of Halo Infinite. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Microsoft Lays Off a Team Dedicated to Reinventing Its - Insider Investors will be watching the company closely to see if it can refocus its efforts on more profitable technologies and products.